GK
IMPORTANT ABBREVIATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the full form of “VAT"?
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Value Added Tax
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Total Asset Value
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Value Added Term
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Valuable Total Asset
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Explanation:
Detailed explanation-1: -Value added tax (VAT) or goods and services tax (GST), also known as indirect taxes, are consumption taxes levied on any value that is added to a product.
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