i want to know what the advantages customer have due to VAT
2007-01-28 04:32:17 · 5 answers · asked by hitu 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
In my regard, I fell that VAT is nothing but to destroy the Middle level chain of Suppliers and Distributors in India.
This has been implemented to benefit the MNC who can earn more profit by selling directly to big retailers, we are copying the foreign system, I fear that in coming 1 or 2 years there won't be any Broker, Distributors in any Trade.
As far as consumer is concern, there is no much impact to him, since price are not been changed and he is not getting any set off on the product he buy for his own consumption.
2007-01-28 16:00:13 · answer #1 · answered by devangdani 3 · 0⤊ 0⤋
THE cost of the purchase will be less as the person selling u the goods will pay tax only for the value addition done from their purchase and not on the whole lot. its not double taxation.
2007-01-28 04:55:29 · answer #2 · answered by kovvurinagireddy 2 · 0⤊ 0⤋
Advantages? Being charges extra for taxes? You must be kidding, right?
2007-01-28 04:40:29 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Click on the link below for all about VAT
http://www.allindiantaxes.com/vat.php
2007-01-29 04:35:51 · answer #4 · answered by Anonymous · 0⤊ 0⤋
the price of essential commodities will come down.it has been observed now
2007-01-28 04:35:24 · answer #5 · answered by einstein 2 · 0⤊ 1⤋