VAT Abbreviation
Looking for VAT abbreviation? We have got you covered in this guide. We have listed down different possible abbreviations of VAT in various groups like Rules, Technology, Indian Railway Station, Medical, Miscellaneous, and Transport & Travel.
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Popular abbreviations of VAT:
Searching for VAT abbreviation / VAT full form leads to different results in different categories. The below table illustrates the popular acronyms among them.
| Term | Abbreviation | category |
|---|---|---|
| VAT | Value Added Tax | Rules |
| vat | Vertical Axis Turbine | Automotive |
| VAT | VATLUR | Indian Railway Station |
| VAT | Visceral Adipose Tissue | Anatomy & Physiology |
| VAT | Video Assisted Thoracoscopic | Surgery |
| VAT | Visual Action Therapy | Alternative Medicine |
| VAT | Vodka And Tonic | Chat & Messaging |
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What does VAT mean?
VAT stands for ValueAddedTax. VAT is the indirect tax that is included in the product price for the value added to the product at the production and distribution level. VAT came into existence on 1st April 2005, also called the consumption tax. The consumer pays the VAT in addition to the product’s original value.
VAT = output tax on the product – input tax of product
If a dealer pays 100 Rs for a product, he has to pay 10% of the tax to the manufacturer, which is Rs. 10. Further, if the dealer sells the same product to the buyer at 150 Rs, he also adds 10% as tax from the buyer, which is Rs. 15.
Implementation of VAT
Before VAT, there had been a double taxation scheme that was implemented for the selling of goods. VAT was introduced to restructure the sales tax and remove the double tax scheme. With VAT, the consumer pays their tax on the goods whose tax is already paid.
Benefits of VAT
- The revenue generated from the VAT will remain the same.
- VAT avoids the tax payment because of its catch-up scheme.
- VAT can be implemented on the goods of all kinds of businesses.
- VAT collection is done in small installments, and consumers don’t get much burden from the VAT.
Disadvantages of VAT
- The VAT tax policy is very complicated.
- Different state has structured other VAT laws for their state, so it becomes challenging to structure the whole VAT policy under one frame.
- The taxation system of VAT is one of the most complex systems to decode.
- Implementing VAT is costly as it comes in the form of complete billing.
Replacement of VAT
- To adjust the flaws of VAT, the union government of India replaced the VAT with GST (Gross Service Tax) in July 2017.
- Almost all the goods and products are covered under the GST by eliminating the VAT. At the same time, some goods still come under the taxation scheme of VAT
All Abbreviations of VAT in 19 categories:
If you are looking for VAT meaning in a specific category, check out the detailed sections below. We have segregated the acronyms based on their category and grouped them in each section.
VAT abbreviation in Rules:
What does VAT mean in Rules category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| VAT | Value Added Tax |
VAT abbreviation in Technology:
What does VAT mean in Technology category? We have listed down 3 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| vat | Vertical Axis Turbine |
| VAT | Voice Application Technology |
| VAT | View Assist Technology |
VAT abbreviation in Indian Railway Station:
What does VAT mean in Indian Railway Station category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| VAT | VATLUR |
VAT abbreviation in Medical:
What does VAT mean in Medical category? We have listed down 10 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| VAT | Visceral Adipose Tissue |
| VAT | Video Assisted Thoracoscopic |
| VAT | Visual Action Therapy |
| VAT | Ventricular Activation Time |
| VAT | Virtual Anaesthesia Textbook |
| VAT | Video Assisted Thoracotomy |
| VAT | Video Assisted Thoroscopy |
| VAT | Visual Association Test |
| VAT | Vigilant Attention Test |
| VAT | Very Acute Tip |
VAT abbreviation in Miscellaneous:
What does VAT mean in Miscellaneous category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| VAT | Vodka And Tonic |
VAT abbreviation in Transport & Travel:
What does VAT mean in Transport & Travel category? We have listed down 3 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| vat | Visionair |
| VAT | Vane Air Temperature |
| VAT | Vehicle And Traffic |
VAT abbreviation in Country ISO Code:
What does VAT mean in Country ISO Code category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| VAT | Holy See (Vatican City State) |
VAT abbreviation in Airport Code:
What does VAT mean in Airport Code category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| VAT | Vatomandry |
VAT abbreviation in Accounts and Finance:
What does VAT mean in Accounts and Finance category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| VAT | Vinyl Asbestos Tile |
VAT abbreviation in Governmental:
What does VAT mean in Governmental category? We have listed down 3 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| VAT | Vigilance Awareness Training |
| VAT | Victim Assistance Team |
| VAT | Voter Assist Terminal |
VAT abbreviation in Computing:
What does VAT mean in Computing category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| VAT | Virtual Allocation Table |
VAT abbreviation in Academic & Science:
What does VAT mean in Academic & Science category? We have listed down 3 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| VAT | Voltage Absence Tester |
| VAT | Veritas Amplus Et Talio |
| VAT | Vérification Dabsence De Tension |
VAT abbreviation in Uncategorized:
What does VAT mean in Uncategorized category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| VAT | Video Audio Text |
VAT abbreviation in Associations & Organizations:
What does VAT mean in Associations & Organizations category? We have listed down 2 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| VAT | Values Action Team |
| VAT | Veterans Against Terrorism |
VAT abbreviation in Sports & Games:
What does VAT mean in Sports & Games category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| VAT | Vestegnens Aqua Team |
VAT abbreviation in Softwares:
What does VAT mean in Softwares category? We have listed down 2 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| VAT | Vans Audio Tool |
| VAT | Visual Audio Tool |
VAT abbreviation in Space Science:
What does VAT mean in Space Science category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| VAT | Vibro-acoustic Test |
VAT abbreviation in Computer Assembly Language:
What does VAT mean in Computer Assembly Language category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| VAT | Variable Allocation Table |
VAT abbreviation in Business:
What does VAT mean in Business category? We have listed down 1 abbreviations. Here are the details:
| Term | Abbreviation |
|---|---|
| VAT | Vacuum Apparatus Technology |
Frequently Asked Questions (FAQ)
Q. What is the abbreviation of VAT in Rules?
The full form of VAT is Value Added Tax in Rules category.
Q. What does vat stands for in Technology?
Vertical Axis Turbine | Voice Application Technology | View Assist Technology
Q. What is the VAT meaning in Indian Railway Station?
The meaning of VAT is VATLUR in Indian Railway Station category.
Q. What is the abbreviation of VAT in Medical?
Visceral Adipose Tissue | Video Assisted Thoracoscopic | Visual Action Therapy | Ventricular Activation Time | Virtual Anaesthesia Textbook | Video Assisted Thoracotomy | Video Assisted Thoroscopy | Visual Association Test | Vigilant Attention Test | Very Acute Tip
Q. What is the abbreviation of VAT in Miscellaneous?
The full form of VAT is Vodka And Tonic in Miscellaneous category.