International Journal of Scientific and Research Publications

IJSRP, Volume 3, Issue 12, December 2013 Edition [ISSN 2250-3153]


A Study of Value Added Tax (VAT) in Tamilnadu
      Dr.(Mrs.)N.Kanimozhi Ph.D
Abstract: A Value Added Tax is a firm of consumption tax. From the perspective of the buyer, it’s tax on the purchase price. From that of the seller, it’s a tax only on the value added to a product, material, or service, from an accounting point of view, by this stage of its manufacture or distribution. The manufacturer remits to the government the difference between these two amounts, and retains the rest for themselves to offset the taxes they had previously paid on the inputs. The purpose of VAT is to generate tax revenues to the government similar to the corporate income tax or the personal income tax.

Reference this Research Paper (copy & paste below code):

Dr.(Mrs.)N.Kanimozhi Ph.D (2018); A Study of Value Added Tax (VAT) in Tamilnadu; Int J Sci Res Publ 3(12) (ISSN: 2250-3153). http://www.ijsrp.org/research-paper-1213.php?rp=P242118
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