VAT: No Double taxation,yet double revenue for states

CA S.SAIRAM , Last updated: 18 June 2010  
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VAT: NO DOUBLE TAXATION, YET DOUBLE REVENUE FOR STATES This small write out is a mere reminiscence of the existing VAT system. All of us know that VAT is a state subject. Just to recollect, the basis for calculation of VAT is as below, Total Assessable Value in all the Indian states : Rs.1000/-

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Published by

CA S.SAIRAM
(IFRS Consultant)
Category VAT   Report

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