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asked in Sri Lanka by pdmanohari

1 Answer

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Value Added Tax (VAT) is a duty connected on the esteem added to merchandise and enterprises at each phase in the generation and dissemination chain. It frames some portion of the last value the buyer pays for products or administrations. In a few nations, it is called 'Products and Ventures Tax' or GST.

or, on the other hand

Value Added Tax is the assessment you need to pay at whatever point you purchase items. It is exacted on most business exchanges and products from specific administrations.
answered by maxwellnovel

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