IPCC Notes and Summaries || 5

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Chapter 17   Foreign Investments  Notes

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Keyconcept Of Capital Budgeting  Notes

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Theory On Mafa Ca Final  Notes

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Short Notes On Vat

VAT is a multi-stage tax levied at each stage of the value addition chain, with a provision to allow input tax credit (ITC) on tax paid at an earlier stage, which can be appropriated against the VAT liability on subsequent sale.


VALUE ADDED TAX

VAT is a multipoint levy of sales tax that enables the person to claim set off of tax which he pays on the purchases. The system of VAT is so designed that the final levy and burden of the tax on the goods is borne by the final consumer of the goods.


Marketing Introduction  Notes

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Marketing  Notes

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