Books of Account
Dictionary on Tax Laws: Goods, Services & VAT
K. R. Sampath
( www .cliofindia.com )
What do you call ‘an arrangement, plan or understanding whether enforceable in law or not, and all steps and transactions by which the arrangement is sought to be carried into effect’? The answer is ‘agreement,’ as per Bihar VAT (value-added tax) legislation, included among the entries under ‘A’ in Dictionary on Tax Laws: Goods, Services & VAT by K. R. Sampath.