Tag: value-added tax
How the Value Added Tax is Calculated
VAT, or VALUE ADDED TAX, is an indirect tax on consumption. It is therefore the final consumer who pays VAT when he purchases a good or service. Companies act as intermediaries between the State and the customer. For the Entrepreneurs Any entrepreneur or company, with or without profit, which provides, as a main or additional […]
How GST Works for Businesses
A value-added tax levied at the national level, GST is also a comprehensive indirect tax levied on manufacturer, sale, and consumption of goods as well as services. It has replaced all the indirect taxes levied on the goods and services by the Indian central and state governments. The GST is being looked up to the […]
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