Value Added Tax and It’s Impact on Pharmaceutical Products (A Perceptional Study Among Staff At Higher Secondary Schools in Madurai District)

Authors

  • Krithika Babu Student,Department of Management Studies, The American College, Madurai-625002
  • Dr. C. Samuel Joseph M.B.A., FICWA., Ph.D, Senior Lecturer, Department of Management Studies, The American College, Madurai-625002.

Abstract

Value added tax which has come into fore in almost all Indian states and union territories, is a multiple system of tax on sale of goods. In this system, tax shall be levied at multiple points. A mechanism has been provided to grate credit for tax paid on purchase of goods and this mechanism is the major beauty of the VAT system. A long felt necessary to cope with global markets has compelled India to adopt this inevitable system. In this research paper the authors have focused on the value added tax and its effects on pharmaceutical products., tracing the origin, shortcomings of the existing system, rate structure and assessment under VAT and the customer’s awareness towards the value added tax.

Author Biographies

Krithika Babu, Student,Department of Management Studies, The American College, Madurai-625002

Dr. C. Samuel Joseph M.B.A., FICWA., Ph.D,, Senior Lecturer, Department of Management Studies, The American College, Madurai-625002.

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Published

25-12-2012

How to Cite

Babu, K., & Samuel Joseph M.B.A., FICWA., Ph.D, D. C. (2012). Value Added Tax and It’s Impact on Pharmaceutical Products (A Perceptional Study Among Staff At Higher Secondary Schools in Madurai District). Journal of Contemporary Research in Management (JCRM), 3(1). Retrieved from https://jcrm.psgim.ac.in/index.php/jcrm/article/view/5

Issue

Vol. 3 No. 1 (2008)

Section

Articles