Kaushal Agrawal
There are 3 methods of computation of VAT
1. Addition method
2. Subtraction method
3. Invoice method.
First 2 methods has many disadvantages and none of the countries have implemented it. However last method also called Input tax credit method has lots of advantages which most of the countries has implemented it. We have discussed all the 3 methods with advantages and disadvantages. This video is meant for revision of VAT.
