VAT or Value Added Tax is a kind of consumption tax. Whenever a new feature or value is added to a product in any stage of the production process, a consumption tax is levied on it which has to be paid by the end users. Therefore, when the market price of a product is subtracted
VAT or Value Added Tax is a kind of consumption tax. Whenever a new feature or value is added to a product in any stage of the production process, a consumption tax is levied on it which has to be paid by the end users. Therefore, when the market price of a product is subtracted