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what is vat and modvat Related: Gross Total Income, Marginal Rate of ...
VAT is an indirect tax levied at different stages of trade by the government. ... CENVAT is an adaptation of VAT, which came into force in the country in 1986 in the form of MODVAT (Modified Value Added Tax). This MODVAT was converted into CENVAT in the early 2000's with no major changes in its implementation or execution.
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what is vat and modvat Related: Gross Total Income, Marginal Rate of Tax & PAN - Income Tax Laws?
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