by Audit Analyst | Jan 12, 2026 | Value Added Tax
Introduction The Input-Output VAT chain is a core mechanism in the Value Added Tax system that ensures tax is levied only on the value added at each stage of production and distribution. This system creates a transparent and self-policing structure that promotes tax...
by Audit Analyst | Jan 12, 2026 | Value Added Tax
Introduction Under the Value Added Tax (VAT) regime, the liability of dealers forms a critical component of ensuring proper tax compliance and revenue collection for state governments. VAT, a multi-point tax system based on the value addition at each stage of the...
by Audit Analyst | Jan 12, 2026 | Value Added Tax
Introduction The transition from the Value Added Tax (VAT) regime to the Goods and Services Tax (GST) on 1st July 2017 marked a monumental reform in India’s indirect tax system. To ensure a smooth migration, the government introduced transitional provisions to help...
by Audit Analyst | Jan 10, 2026 | Value Added Tax
Introduction Under the Value Added Tax (VAT) regime in India, although the basic principle of taxation on the value addition remained uniform, industry-specific provisions were implemented to cater to the unique nature of various sectors. Different industries operate...
by Audit Analyst | Jan 10, 2026 | Value Added Tax
Introduction With the growing need for transparency, efficiency, and ease of compliance, many Indian states began integrating the Value Added Tax (VAT) system with electronic filing platforms. This digital transformation helped modernize tax administration and reduce...
