Saved Bookmarks
| 1. |
MOD VAT is related to |
|
Answer» is short form of Modified Value Added TAX, under which manufacturers of products requiring raw materials manufactured under others were relieved from double TAXATION by being offered EXCISE CREDIT on the raw materials. This Indian tax system was brought into action in 1986, which covered only few commodities initially and later it brought a WIDE spectrum under its discretion. |
|