It is impossible for civilizations to survive the changing economic scenarios with a proper tax system. The tax system had been as much actively present in the past as it is in the present -day economy. Furthermore, with the changing time, a number of changes came in the way the tax system was implemented. The tax guidelines also changed with the changing time. The latest tax system is value Added Tax, popularly known as VAT. With its implementation in India, mixed reactions were seen. While some supported it, others opposed it fiercely. The present book is a guide to VAT system and its place in Indian economy. Readers will find the book filled with exhaustive knowledge on the subject. Also included in the volume are reactions and statements of some eminent people regarding VAT.
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