Question:
Recently VAT was introduced in India. Choose the correct statement.
Recently VAT was introduced in India. Choose the correct statement.
Updated On: Jul 25, 2024
- VAT has replaced Sale Tax in all states of India
- VAT is charged in place of Sales Tax only in some states of India.
- VAT is charged in addition to Sales Tax in all states of India
- VAT is charged in addition to Sales Tax in some states of India.
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The Correct Option is B
Solution and Explanation
The correct option is (B): VAT is charged in place of Sales Tax only in some states of India.
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