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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
what is VAT ?
 Question Submitted By :: Mayankjain_243
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is VAT ?
Answer
# 1
vat means value added tax this tax is laied by manufactured 
goods and produced good.excess amount to the product
 
Is This Answer Correct ?    17 Yes 3 No
Pavan Kuamr
 
  Re: what is VAT ?
Answer
# 2
VAT means Value Added Tax Which means that the indirect tax 
which is levied on every process of manufacturing and 
distribution of goods and services
 
Is This Answer Correct ?    26 Yes 1 No
Bk Paldiya
 
 
 
  Re: what is VAT ?
Answer
# 3
VAT Means VALUE ADDED TAX, Earlier i.e up to March 2005 
APGST is there, from April on The government imposed VAT 
Tax.
 
Is This Answer Correct ?    5 Yes 7 No
K. Srinivasa Rao
 
  Re: what is VAT ?
Answer
# 4
Value Added Tax
 
Is This Answer Correct ?    8 Yes 5 No
Arun Kumar Gupta
 
  Re: what is VAT ?
Answer
# 5
IS A VELUE ADDED TAX
 
Is This Answer Correct ?    5 Yes 6 No
Guest
 
  Re: what is VAT ?
Answer
# 6
VAT means value added tax. It is a multi-point tax because 
it is charge on both sales and purchased. When it is 
charged on sales it is called output vat and when it is 
charged on purchase than it is called input vat. When input 
vat is exceed on output vat, that exceed amout are called 
input credit which is refundable. If output vat is excess 
on input vat than it is payable.
            So we can say that VAT is a tax which is coming 
in lieu of sales tax.
 
Is This Answer Correct ?    15 Yes 0 No
Rajesh Kumar Soni
 
  Re: what is VAT ?
Answer
# 7
VAT means value added tax. it was introduced in
andhrapradesh in the year apr 2005. 
In india vat is collected only on goods. 
vat is collected on all purchase and sale of goods.
vat is collected on purchase of goods is called input tax.
vat is collected on sale of goods is called out put tax.
 
Is This Answer Correct ?    6 Yes 0 No
Ravichandra
 
  Re: what is VAT ?
Answer
# 8
VAT is Value Added Tax
 
Is This Answer Correct ?    3 Yes 2 No
Manoj
 
  Re: what is VAT ?
Answer
# 9
VAT IS VALUE ADD TAX,IT WAS INTRADUCED IN AP YEAR IN 2005
 
Is This Answer Correct ?    1 Yes 1 No
G Subbarao
 
  Re: what is VAT ?
Answer
# 10
VAT IS VALUE ADDED TAX. ITS LEVIED ON THE VALUE ADDED ON 
EACH PRODUCT, WHILE REACHING FROM MANUFACTURER TO CUSTOMER.
 
Is This Answer Correct ?    3 Yes 0 No
Yogita Jain
 
  Re: what is VAT ?
Answer
# 11
Value Added Tax .it is leved on the manufacring good where 
the goods are place of removal the tax is leved.
 
Is This Answer Correct ?    0 Yes 0 No
Sekhar Reddy
 

 
 
 
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