The revenue neutral rate of VAT means the rate of

CS Executive · Tax Laws and Practice · PYQS · December 2015
The revenue neutral rate of VAT means the rate of
(A) 1%
(B) 4%
(C) 20%
(D) 12.5%.

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: VAT (Value Added Tax)

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