Taxes

Value added tax (vat)

Value-added tax, or VAT, is a type of turnover tax that is applied at every stage of production and distribution. While the end consumer is ultimately responsible for paying VAT, the supplier of goods or services is the one held liable. To ensure that the tax burden falls on the final consumer, VAT often uses a system of tax credits. This relieves intermediaries from the final tax cost and places it on the end consumer.

Related terms

Income tax credit

Understand the meaning and definition of Income tax credit in the context of stock market, trading, and investments.

MORE
Branch tax

Understand the meaning and definition of Branch tax in the context of stock market, trading, and investments.

MORE
Non-resident alien

Understand the meaning and definition of Non-resident alien in the context of stock market, trading, and investments.

MORE
Investment method

Understand the meaning and definition of Investment method in the context of stock market, trading, and investments.

MORE
Accounting records

Understand the meaning and definition of Accounting records in the context of stock market, trading, and investments.

MORE
Power of attorney

Understand the meaning and definition of Power of attorney in the context of stock market, trading, and investments.

MORE
Open Free Demat Account!

Join our 3.5 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3.5 Cr+ happy customers