Value added tax (VAT), or goods and services tax (GST), is a tax on exchanges. It is levied on the added value that results from each exchange. However it is different from the sales tax because a sales tax is levied on the total value of the exchange. VAT is neutral with respect to the number of passages that there are between the producer and the final consumer. A VAT is an indirect tax and is collected from someone other than the person who essentially bears the cost of the tax. The customer pays for it but is collected from the seller. To avoid double taxation on final consumption, exports are usually not subject to VAT and VAT charged under such circumstances is usually refundable. Value Added Tax is a multi point sales tax with set off for tax paid on purchases. It is mainly a tax on the value addition on the product. The burden of tax is ultimately born by the consumer of goods. In many aspects it is equivalent to last point sales tax. It can also be called as a multi point sales tax levied as a proportion of Value Added.
Query Form
We are a leading tax consultant in India, which offers vat consultancy and vat registration services in affordable budget with complete customer satisfaction. We can register your Company for VAT and offer you with VAT administration services. We understand client's needs and budgets how to pay this indirect tax. We also enable them to understand the complex legalities involved and their possible solutions regarding the filing and payment. We keep our clients well inform and provide the day to day changes in the taxes, undertake new registration, monthly & annual returns, arrange declaration forms from the departments and complete annual Value Added tax assessment. We also provide sale tax supervision on monthly and quarterly basis including assistance in sales tax return preparation and assessment. Our VAT registration services provide you with step by step guided online process to register your business for VAT. Our highly skilled and experienced tax advisers are available to help you. Our customs tax team is there to follow up your application and to make sure it is being processed, and dealing with any queries during the registration procedure.
|
