what is meant by multipoint tax? What are the differences between multipoint tax and VAT?

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what is meant by multipoint tax? What are the differences between multipoint tax and VAT?

2006-08-23 04:13:48 · 2 answers · asked by Raju R 1 in Business & Finance ➔ Taxes ➔ India

2 answers

When a product, at its full value, is taxed at every sale point, it is multipoint tax system.
VAT is Value Added Tax system. This means, only value addition, on the product, at every sale point is taxed.

2006-08-23 05:12:26 · answer #1 · answered by Anonymous · 0⤊ 0⤋

your guess is as good as mine.

2006-08-25 04:52:19 · answer #2 · answered by cbmaclean 4 · 0⤊ 0⤋