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VAT- Preparing for the Future – A success playbook

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There exist many forms of Indirect taxes viz General Sales Tax, Turnover tax, Customs Duty, Stamp duty, Entertainment tax, Luxury tax, border tax, Value added tax and Goods & Services tax. More than 150 countries have adopted indirect taxation.

Indirect Taxes are a major source of additional revenue for the exchequer. In some of the major economies Indirect Tax contribution to GDP can be as high as 10.5%, which gives a phenomenal boost to the country’s expenditure budgets. 

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