Meaning of 'Value Added Tax' in Marathi - Marathi Meanings for English Words, English to Marathi Dictionary, Marathi to English Dictionary, Marathi. value-added tax, Marathi translation of value-added tax, Marathi meaning of value-added tax, what is value-added tax in Marathi dictionary, value-added tax. A value-added tax (VAT) is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production.

: Vat tax meaning in marathi

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In addition, some goods and services are exempt from VAT. The main disadvantage of VAT is the extra accounting required by those in the middle of the supply chain; this is balanced by the simplicity vat tax meaning in marathi not requiring a set of rules to determine who is and is not considered an end user. Retrieved 28 November A value-added tax VATknown in some countries as a goods and services tax GSTis a type of tax that is assessed incrementally. This kind of fraud originated in the s in the Benelux countries.