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| Received
04-Jun-2026 |
Accepted
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Published
04-Jun-2026 |
Abstract
The introduction of Value Added Tax (VAT) has brought a
Himalayan change in the Sales Tax Law. Though the
primary objective of the Value Added Tax is to arrest the
cascading effect of tax, it has a major impact on the price of
the product and therefore the general public is also
exaggerated by the new tax. The Value Added Tax will
definitely help in achieving the uniformity in tax rate and
classification of goods, at the same time it has a major
impact on the profitability of entrepreneur and price of the
goods. The present paper aims to analyze the impact of
Value Added Tax on cost- price- profit of entrepreneur and
revenue of the Government and also suggest ways and
means to improve the profitability of the entrepreneurs.
Keywords: VAT, Sales Tax, Multiple Taxation, Cascading
Effect, Profitability.
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