The writer is biased towards proving that VAT is good. While this may be true for the society, the explanation is not good. The illustrations are confusing. Overall while VAT may have thumbs up , u will get thumbs down man...
RE:How VAT Works?
by Sphilip on May 13, 2005 11:44 AM Permalink
The examples are excellent, however has some typo/miscalculations.
Can some one show same example on how taxation work NOW and how it impacts/benefit State & Central govt ? This would be a good comparison on post and pre VAT era.
