New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    VAT (Value Added Tax) is imposed at

    -
    A Customer or buyer of the finished product Correct Answer Incorrect Answer
    B Last stage of production Correct Answer Incorrect Answer
    C First stage of production Correct Answer Incorrect Answer
    D All stages between production and sales Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of general consumption tax that is collected incrementally, based on the surplus value, added to the price on the work at each stage of production

    Practice Next

    Relevant for Exams: