What is VAT ?
Posted: Mon Oct 15, 2007 8:37 am
Hi All,
VAT as understood by non financial guys is just this "Value added tax". But can any one explain as to what is VAT in lay man's terms? As always, explanation with an e.g will be helpful.
Thanks,
Abhay
VAT as understood by non financial guys is just this "Value added tax". But can any one explain as to what is VAT in lay man's terms? As always, explanation with an e.g will be helpful.
Thanks,
Abhay