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Which State Of The Following Has Adopted Vat (Value Added Tax) W.E.F. January 1, 2007 ? ?->(Show Answer!)
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1. Which State Of The Following Has Adopted Vat (Value Added Tax) W.E.F. January 1, 2007 ?





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MCQ->Which State Of The Following Has Adopted Vat (Value Added Tax) W.E.F. January 1, 2007 ?....
MCQ->Read the given information carefully and answer the given question : Charities do not have charge VAT to customers. Therefore, charity stores can charge lower prices as compared to the other stores, which are not registered as charity. Which of the following statement(s) is/are true? Charity stores pay less tax than non-charity stores VAT leads to increment in prices of things. The stores recover their taxes from the customers Since charities do not charge VAT, their products are of lower quality....
MCQ->Read the given information carefully and answer the given question. Charities do not have charge VAT to customers. Therefore, charity stores can charge lower prices as compared to the other stores, which are not registered as charity. Charity stores pay less tax than non-charity stores VAT leads to increment in prices of things The stores recover their taxes from the customers Since charities do not charge VAT, their products are of lower quality....
MCQ->Statement: Should all the indirect taxes in India be combined into a single tax on all commodities? Arguments: Yes. This will considerably simplify the tax collection mechanism and the cost of collecting tax will also reduce. Yes. The manufacturers and traders will be benefited by this which in turn will boost tax collection. No. No other country has adopted such system.

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