What is Cascading effect (Sales Tax)?????
Jyoti Malik (ACCOUNTANT) (2644 Points)
14 April 2009What is Cascading effect (Sales Tax)?????
Sorabh Gupta
(Manager ( Taxation ))
(877 Points)
Replied 14 April 2009
Cascading Effect means Moving to the next thing................And regading sale tax its means that if there any amendment in act or rules or whatever & it has cascading effect.
The best example of "CASCADING EFFECT" is VAT Credit as credit of VAT passes to one purcahser to another...............
Hope now you are clear..............
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