How does the consumer benefit with VAT ?

Question

Admin · Accepted Answer

As compared to other taxes, there is a less chance of tax evasion. VAT minimizes tax evasion due to its catch-up effect. It reduces the cost of production

Admin · Answer

With the abolition of the sales tax

Admin · Answer

Due to the exemption of small businesses from the tax within certain limits prescribed by the State

Admin · Answer

None of these

Q. How does the consumer benefit with VAT ?

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