INTERVIEW QUESTIONS TAX VALUE ADDED TAX DETAILS

Question: Is there any special rate of Value Added Tax (VAT) other than above 3 rates?

Answer: Yes. There are special rates of tax on certain goods which are kept out of Value Added Tax (VAT). No input tax credit is allowable for these goods.(e.g) Petrol.

Yes. There are special rates of tax on certain goods which are kept out of Value Added Tax (VAT). No input tax credit is allowable for these goods.(e.g) Petrol. Source: CoolInterview.com

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