Value Added Tax in India :: VAT in India, India VAT, VAT Expert India

Methods of implementation of VAT : Value Added Tax (VAT) India

Following are two methods of implementation of VAT. 7.5.7 Subtraction Method
The value added by a firm is found by subtracting the cost of purchases from its sales. This value added is then subject to VAT rate to arrive at the rate of tax to be
payable by a firm.