How would VAT reduce the evasion of taxes on goods? (AS1)

1.	How would VAT reduce the evasion of taxes on goods? (AS1)
Answer» It is a clear and transparent method of tax collection, which broadens the tax net, and helps to monitor a large number of people. It is also a rationalised tax structure; practised and proven to be successful in many leading economies. The VAT regime will help to curb tax evasion and add more revenue to the state exchequer.

Answer»

It is a clear and transparent method of tax collection, which broadens the tax net, and helps to monitor a large number of people.

It is also a rationalised tax structure; practised and proven to be successful in many leading economies. The VAT regime will help to curb tax evasion and add more revenue to the state exchequer.

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How would VAT reduce the evasion of taxes on goods? (AS1)

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