ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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VAT and Service Tax on Imported Goods and Services

The WTO requirement to treat foreign goods and services equally does not disallow imposition of internal taxes on imports to the extent such taxes are imposed on like domestic products and services. Countries that have switched to a system of comprehensive Value Added Tax (VAT) on goods and services provide for an equal levy on domestic production as well as on imports in their respective VAT legislations.

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