* Value Added Tax is a uniform tax imposed on person, who in the course of trade or business sells, barters, exchanges or leases goods or properties or renders services and on any person who imports goods.
* Who are liable?
* Any individual , trust, estate, partnership, corporation, joint venture, cooperative or association who in the course of trade or business:
a. Sells, barters, exchanges goods or properties
b. Sells or renders services
c. Leases properties
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