http://indianeconomy.org/2007/10/24/vat-a-success/ Issues & insights Sun, 20 Jul 2008 20:00:49 +0000 http://wordpress.org/?v=2.3.1 http://indianeconomy.org/2007/10/24/vat-a-success/#comment-247603 Ravikiran Rao Tue, 30 Oct 2007 08:21:40 +0000 http://indianeconomy.org/2007/10/24/vat-a-success/#comment-247603 VAT only replaces sales tax. It does not remove the other big incentive to fudge accounts - Excise. But the article says that reporting has improved to some extent. VAT only replaces sales tax. It does not remove the other big incentive to fudge accounts - Excise. But the article says that reporting has improved to some extent.

]]> http://indianeconomy.org/2007/10/24/vat-a-success/#comment-247472 Prasad Rao Tue, 30 Oct 2007 06:24:24 +0000 http://indianeconomy.org/2007/10/24/vat-a-success/#comment-247472 While at API, a colleague of mine did a paper on VAT. I was not involved. But I wonder how the imposition of VAT has changed accounting standards, the reporting of profits or for that matter, valuation of vertically integrated or non-integrated companies on the stock market? How does it affect various capital instruments (IPO, share split, mergers, etc) used by firms? Did any entity exploit the market during the transition (or, for that matter, intends to in the future)??? While at API, a colleague of mine did a paper on VAT. I was not involved. But I wonder how the imposition of VAT has changed accounting standards, the reporting of profits or for that matter, valuation of vertically integrated or non-integrated companies on the stock market? How does it affect various capital instruments (IPO, share split, mergers, etc) used by firms? Did any entity exploit the market during the transition (or, for that matter, intends to in the future)???

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