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How is value-added tax levied under Indian law?
Q&AValue-added tax is levied on most types of goods t 12.5 percent. There are alternative rates, such as four percent and one percent, given certain requirements are met. However, there is no such tax on import and the rate on export is zero. Also, for businesses that have a turnover of less than 500,000 Rb will be exempted for this tax.
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