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+--- Thread: Difference between VAT and Sales Tax (/thread-difference-between-vat-and-sales-tax)
Difference between VAT and Sales Tax - irananed - 11-11-2010
Can anybody tell me the major differences between VAT and Sales Tax? From what I have learnt and there is nothing special about VAT. Like Sales Tax, VAT also have two related accounts in chart of accounts i.e. VAT In and VAT out. Any comment?