What is VAT?
Where did the money goes?
How do you know the actual value that goes to the government for the
goods and services you avail?
How it is calculated?
Value Added Tax (VAT) is an amount imposed on a buyer as part of the
selling price. When you buy an item , 12% of what you actually pay goes to
the government in the form of tax. So, by buying simple items, you are in
fact helping to fund the operations of the government.