FOR INDIA'S BEST CA CS CMA VIDEO CLASSES CALL 9980100288 OR VISIT HERE
PREDICT YOUR RANK!
Answer below questions and predict your rank
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

Limitations of VAT

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

    1       0 Answer Now Comment Report
4 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

VAT is costly to implement as it is based on full billing system. VAT is relatively complex to understand. The calculation of value added in every stage is not an easy task. To implement the VAT successfully, customers, need to be conscious, otherwise tax evasion will be widespread. The Best of Brian Tracy Cause Inflation

    0       3 Comment Report
Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  
Data?1494421730 answered

Dear Uma > Limitations of VAT -- VAT was to be applied in all states but it failed to do so. -- Inflation rate has been increased due to VAT. -- VAT has complicated both tariff in customs and excise and Overburdend with more exemptions -- VAT is regressive :- It’s burden falls disproportionately on Poor people since the poor are likely to spend more of their incomes -- VAT is too difficult to operate from the position of both the Administration and business. -- Monthly Return : The manufacturer is required to pay CenVAT on a fortnightly basis and submit a monthly return (ER1) to the Superintendent of Central Excise by the 10th of the month Thanks

    6       0 Comment Report
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

LIMITATIONS OF VAT There are different vat rates in different cities There is no input credit for interstate purchases. For complying with the VAT provisions the accounting cost will increase. There is increase in other costs like working capital and interest There will be more administrative burden The rate of vate is generally high. Thanks

    2       0 Comment Report
Name commented over 2 years ago

Nice & Easy explaination

 20180702 145746 answered

dear uma, following are the limitation of VAT : - VAT is costly to implement as it is based on full billing system. - VAT is relatively complex to understand. The calculation of value added in every stage is not an easy task. - To implement the VAT successfully, customers, need to be conscious, otherwise tax evasion will be widespread. The Best of Brian Tracy - Cause Inflation - Refund of Tax(VAT credit can not be availed if no tax is payable on final product being exempt or taxable at lower rate.) - Non-availability of credit for tax paid on interstate purchases in initial years.

    3       0 Comment Report
Name commented over 2 years ago

Nice & helpful Explaination

Vaibhav commented over 2 years ago

Thanks... Please follow me if you want more answers...

Get Notifications
Videos
Books
Notes
Loading
Watch best faculty demo video classes

These top faculty video lectures will
help u prepare like nothing else can.