CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Sales Tax and VAT

"VAT" means:

Question

"VAT" means:

A

Value after tax

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Value add on tax

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Value against tax

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Value added tax

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D
Value added tax

VAT means value added tax.

Suggest Corrections

thumbs-up

1

Similar questions

Q. The VAT (Value Added Tax) paid by the shopkeeper

Q. Consider the following taxes:
1. Sales tax

2. Value-added tax

3. Property tax
Which of the taxes given above are Ad valorem tax/taxes?

Q. The tax added to the value of the product is called ________ Tax.

Q. Mohan paid tax Rs.

1, 000

on purchase value and collected Rs.

1, 200

tax on sale value. Find the M-VAT payable by Mohan.

Q. Mohan paid tax Rs.

1000

on purchase value and collected Rs.

1200

tax on sale value. Find the M-VAT payable by Mohan.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Sales Tax and Value Added Tax

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Sales Tax and VAT

Standard VIII Mathematics

Join BYJU'S Learning Program

CrossIcon