|Definition||:||Value Added Tax|
|Category||:||Governmental » Rules & Regulations|
What does VAT mean?
Value Added Tax (VAT) is a tax placed on goods at the time of sales. A VAT is a type of tax assessed based on the increase in the value-added to a product at each stage of production to the point of sale.
Frequently Asked Questions (FAQ)
What is the full form of VAT?
The full form of VAT is Value Added Tax