Value Added Tax (VAT) and Its Impact on Market Prices of the Products - Tarakeswara Rao, Sivvala
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The value added to a product by or with a business is the sale price charged to its customer, minus the cost of materials and other taxable inputs. A VAT is like a sales tax in that ultimately only the end consumer is taxed. It differs from the sales tax in that, with the latter, the tax is collected and remitted to the government only once, at the point of purchase by the end consumer. With the VAT, collections, remittances to the government, and credits for taxes already paid occur each time a business in the supply chain purchases products. For this purpose a study was undertaken entitled…mehr

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Produktbeschreibung
The value added to a product by or with a business is the sale price charged to its customer, minus the cost of materials and other taxable inputs. A VAT is like a sales tax in that ultimately only the end consumer is taxed. It differs from the sales tax in that, with the latter, the tax is collected and remitted to the government only once, at the point of purchase by the end consumer. With the VAT, collections, remittances to the government, and credits for taxes already paid occur each time a business in the supply chain purchases products. For this purpose a study was undertaken entitled Value Added Tax (VAT) and its impact on Market Prices of the Products A Study in Andhra Pradesh State
Autorenporträt
Dr.S.Tarakeswara Rao is currently working as Faculty Member in the DCMS, Dr.B.R.Ambedkar University- Srikakulam, and Andhra Pradesh. His areas of interest include Micro-finance, Women empowerment, Taxation, and Accounting. He has contributed research articles to various journals and also participated and presented papers in national seminars.