Created: 1 year ago | Updated: 8 months ago | Created By:
Maliha Mou
Maliha Mou
On all stages between production and sale
Topic: India
Value Added Tax (VAT) is imposed on the value added to each commodity by a firm during all stages of production and distribution. In simple terms, it is a fee assessed against businesses at each step of the production and distribution process, usually whenever a product is resold or value is added to it. Valueadded taxation in India was introduced as an indirect value added tax (VAT) into the Indian taxation system from 1 April 2005.

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