VAT System
What is this VAT system... one common distributor ask from me. that he used to read daily in newspaper about VAT System. but no one actually written that what is VAT in actual. he told me he used to give tax regularly . what would happen after VAT will introduce.
what is the difference between the existing system and VAT?
how can a common person understands about VAT danger?
give some historic background?
Kindly discuss.
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