Users Also Read
MCQ's Search Engine
Electrical Engineering
Mechanical Engineering
Civil Engineering
Automobile Engineering
Chemical Engineering
Computer Engineering
Electronics Engineering
Medical Science Engg
Value Added Tax (VAT) is | |
A. | indirect tax levied at each stage of production and distribution, from the primary produce to the retailer [Wrong Answer] |
B. | tax calculated on the selling price, but in declaring the liability to the government, the seller is allowed to deduct any tax paid by him when he bought the goods [Wrong Answer] |
C. | both (a) and (b) [Correct Answer] |
D. | None of the above [Wrong Answer] |