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What is the difference between single point tax and value
added tax?
- 3 Answers
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Answers were Sorted based on User's Feedback
Answer / sandeep
Single Point Tax :- Where tax levied on finished goods
which is ready to sell the product to cunsumer.
Value Added Tax:- It is levied on multipul point where we
added value of products. Exp:- Raw material supplier to
manufacturer to whole saler to retailer to consumer added
in value.
| Is This Answer Correct ? | 46 Yes | 5 No |
Answer / hency
vat is tax which applicable to the goods only.it is
classified 4% ,12%,1%.
| Is This Answer Correct ? | 5 Yes | 20 No |
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