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With the abolition of the sales tax
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As compared to other taxes, there is a less chance of tax evasion. VAT minimizes tax evasion due to its catch-up effect. It reduces the cost of production
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Due to the exemption of small businesses from the tax within certain limits prescribed by the State
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None of these
1
As compared to other taxes, there is a less chance of tax evasion. VAT minimizes tax evasion due to its catch-up effect. It reduces the cost of production
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