Article

Value Added Tax Accounting: Concepts and Issues

August 2003
SSRN Electronic Journal

DOI:10.2139/ssrn.430880

Authors:

Osmania University

Gyan Vihar University

The Value Added Tax Accounting (VATA) is one of those newly emerged concepts, which were emphasized much in the context of VISION 2020 by the industry, business, profession, academic, administration, politicians etc. as VATA is regarded as a source of stable revenue, conducive to investment, immune to lobbying pressures and ensures the economic growth, which is also evident from the successful introduction of VATA by developed countries. The concept and issues are presented in this paper to make the people aware of the VATA and remove the misconceptions or notions about VATA and to draw the attention and participation of the different sections of the society for strengthening the VATA system.

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Last Updated: 22 Oct 2024