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VALUE ADDED TAX


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The Value Added Tax (VAT) is a type of indirect tax introduced in India by replacing the General Sales Tax laws of each state. It is a tax on value addition and a multi point tax, which is levied at every stage of sale. It is collected at the stage of manufacture/resale and contemplates rebating of tax paid on inputs and purchases. Presently in India, VAT is applicable for 32 states other than Andaman and Nicobar Islands, Nagaland and Lakshadweep.

Value Added Tax is levied on top of the cost of a product or service and generates revenue for a government. It has become an integral concept in the existing corporate state of affairs. Even though the entire concept appears to be fairly simple, it is in fact, much more difficult and casts a major influence on all kinds of businesses. Some of the many VAT services that we provide include:

  • Review of Value Added Tax applicability
  • Rendering assistance in registration under VAT
  • Assistance in claiming input tax credit, furnishing tax retuns and claiming refunds.
  • Rendering advice on the wide range of issues in relation to tax invoices and retails invoices.
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