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Articles by CA Jay Rambhia

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Accounting For VAT-CST

Posted by CA Jay Rambhia 09 January 2010 121711 Views

Accounting for VAT/CST Background VAT intends to bring harmonization in the tax structure of various States and rationalizeThe overall tax burden. The essence of VAT is that it provides credit/set-off for input tax, i.e., tax paid on purchases, again




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