VALUE ADDED TAX – VAT A CENTENARIAN [1920-2020] IN THIS COVID-19

Authors

DOI:

https://doi.org/10.29121/granthaalayah.v8.i9.2020.1323

Keywords:

VAT, Value Added Tax, GST, Consumption Tax, Standard Rate, European Union

Abstract [English]

Value Added Tax is an indirect tax which is also termed as Goods and Service Tax. Both these terms are used in the same meaning in different parts of the world. VAT is followed almost in many countries and during this pandemic situation many countries have relaxed VAT for the benefit of the public. This study mainly focuses on the frameworks followed by various nations regarding VAT. It concentrates on the origin, growth and development of VAT, various tax model frameworks followed in nearly 147 different countries all around and the various measures adopted by countries towards VAT during this era of COVID-19 pandemic.

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Author Biography

Dr. Hariharan Narayanan , Founder and Director Shri Academy, Pune, Maharashtra, India

Dr. N. HARIHARAN is the Founder and Director of SHRI ACADEMY, Pune, Maharashtra, India.  He is into Academics for more than 25 years serving in various capacities at reputed institutes teaching Core Finance and Business subjects at Undergraduate, Postgraduate and Professional Course levels in India and Abroad.  He has attended and presented papers in various national and international conferences. He is also a Visiting Faculty in different B-Schools.  He is member, board of studies/examiner in various universities and institutions.  He is also member of Editorial Board of various Management Journals published from USA and India.  He specializes in the field of Taxation, Accountancy and Finance.  He has authored 12 editions of Income Tax Law and Practice and Income Tax Problems and Solutions (Indian Tax System).  He has co-authored 02 books on Cost Accounting.  He has guided more than 1000 projects for postgraduate courses for Indian and International Universities.  His qualification is approved and recognized by BQA – Botswana Qualifications Authority as equivalent to NCQF Level 10.

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Published

2020-09-24

How to Cite

Narayanan, H. (2020). VALUE ADDED TAX – VAT A CENTENARIAN [1920-2020] IN THIS COVID-19. International Journal of Research -GRANTHAALAYAH, 8(9), 29–42. https://doi.org/10.29121/granthaalayah.v8.i9.2020.1323