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Vat meaning

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(Querist)
10 September 2015 What exactly does VAT means?? Apart from book defination Plse reply really in need
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Vishnu Saboo

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Vishnu Saboo (Expert)
15 September 2015 for reducing tax upon tax Govt brought this method, so that item dont go at higher price,
now seller have to charge VAT on only value added and not on whole value of item

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