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Renowned services for vat registration and dvat registration in Delhi by Tax Advocate India.
A Value Added Tax (VAT) is a form of sales tax. It is also falls in the category of Indirect Tax. At Tax Advocate India we help you understand the same. We provide help to buyers by helping them understand the amount to be paid on the goods purchased. If our client is a seller, we ensure that their pricing includes the tax percentage levied by the Government of India.
However the calculation of VAT is not a simple addition method. Our experts look at points like manufacturing costs and profit margins during the calculation process. These amounts vary for a manufacturer and a retailer. Hence we help our clients understand how the VAT amount can change as per their position in the supply chain.
However, this is not the only service provided by us. As taxation experts, we also help our clients with their year end tax refunds. The confusion which arises among small time retailers and manufacturers is of the amount which can be refunded by the government. We provide guidance by calculating the percentage of VAT refund that can be claimed. We also clearly explain that Sales Tax and Service tax are non-refundable expenses.
For your information, Vat was introduced in India from the 1st of April 2005 as an indirect tax to the Indian taxation department. So contact us today and we will figure out your VAT taxation queries.
A value-added tax (VAT) is a form of consumption tax. From the perspective of the buyer, it is tax on the purchase price. From that of seller. It is a tax only on the value added to a product, material, or service, from an accounting point of view, by this stage of its manufacture or distribution. The manufacturer remits to the government the difference between these two amounts, and retains the rest of themselves to offset the taxes they had previously paid on inputs.
We are a reliable vat registration service provider and consultant in Delhi and have expertise in vat registration, dvat registration and other below services:
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Published on: 08 April, 2016
There are sales tax consultants in Delhi for the purpose of sales tax registration if one finds it hard to complete the formalities and documents to be submitted. ...read more
Published on: 22 March, 2015
VAT refers to the Value added tax, which is imposed on the disbursement of consumer goods. It is a multi-point destination based taxation system in which tax is levied at each level of transaction in the production chain. The term Value added refers to the hike in the value of goods/ services at each level of transactions in thedistribution chain ...read more
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