Vat Registration


DVAT makes it difficult to evade taxes but it also facilitates getting a rebate on the tax on purchases. Some of the benefits of DVAT Registration are:
1. It facilitates precise identification and rebate of the tax on purchases as well as has obliterated tax-on-tax system which was prevalent earlier.
2. It makes system transparent as the buyer knows how much of you price is actually the tax component of the purchase.
3. VAT merely replaced the existing sales taxes and is not an additional tax. In fact, with its introduction, tax impact on raw material has been totally eliminated.