» Cenvat

Cenvat is an acronym for Central Value Added Tax. It is similar in many respects to another type of tax system called Value Added Tax (VAT). Cenvat is used by a lot of European countries and other places such as India. This form of taxation is said to have many benefits over other types of tax systems – in particular it minimizes the cascading effect that occur with other types of tax systems and people feel that it is a lot fairer. Read the rest of this entry »