Value Added Tax (VAT) is Options: A . &nbsptax calculated on the selling price, but in declaring the liability to the government, the seller is B . &nbspNone of these C . &nbspboth (a) and (b) D . &nbspindirect tax levied at each stage of production and distribution, from the primary produce to the re

Value Added Tax (VAT) is

Question

Value Added Tax (VAT) is

Options:

A . tax calculated on the selling price, but in declaring the liability to the government, the seller is

B . None of these

C . both (a) and (b)

D . indirect tax levied at each stage of production and distribution, from the primary produce to the re

Answer: Option C

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