Saved Bookmarks
| 1. |
How would VAT reduce the evasion of taxes on goods? |
|
Answer» It is a clear and TRANSPARENT method of tax collection, which broadens the tax net, and helps to MONITOR a large number of people. It is also a rationalised tax structure; practised and proven to be successful in many leading economies. The VAT regime will help to curb tax EVASION and add more REVENUE to the state exchequer. |
|