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Difference between VAT and Sales Tax
11-11-2010, 07:10 PM
Post: #1
Difference between VAT and Sales Tax
Can anybody tell me the major differences between VAT and Sales Tax? From what I have learnt and there is nothing special about VAT. Like Sales Tax, VAT also have two related accounts in chart of accounts i.e. VAT In and VAT out. Any comment?
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