Value Added Tax (VAT) is _______?

ویلیو ایڈڈ ٹیکس (وی اے ٹی) _______ ہے؟

On each stage the tax is imposed on the additional Amount of Value Added

A tax on value imposed on the cloth equal to the value added from Yarn to Cloth

A tax that will be imposed on the cloth equal to the Value added at Stage of Production

All of these

Value Added Tax (VAT) is a consumption tax imposed at each stage of production based on the value added.

It ensures tax is paid incrementally by producers, reducing tax evasion.