MAKING OF A NEW NATION 1776 1800
THE FRENCH REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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tax
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currency
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estate
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law
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Detailed explanation-1: -VAT or value-added tax, is a common form of indirect tax levied on services and goods. It is paid to the government by the producers at every stage in the supply chain.
Detailed explanation-2: -Value-added tax (VAT) and goods and services tax (GST) are similar taxes that are levied on the sale of goods and services. Both VAT and GST are also indirect taxes, which means that they are collected by businesses and then passed on to the government as part of the price of the goods or services.
Detailed explanation-3: -Sales Tax: The tax imposed on the sale of any product is called sales tax.
Detailed explanation-4: -Value-added tax (VAT) is a consumption tax on goods and services that is levied at each stage of the supply chain where value is added, from initial production to the point of sale.
Detailed explanation-5: -Value Added Tax is a system of tax levied at every stage of production of a product-from manufacturing to wholesaler to retailer to customer. How is VAT different from Sales Tax? While a Sales Tax is paid only by the customer, a VAT is paid by all strata of a supply chain.