Value Added Tax Accounting: Concepts and Issues

Osmania University Department of Commerce Working Paper

8 Pages Posted: 10 Sep 2003

See all articles by Dr. K. Shankaraiah

Dr. K. Shankaraiah

Osmania University

D. N. Rao

SRMS College of Engineering and Technology; SRMS Institutions, Bareilly

Date Written: August 2, 2003


The Value Added Tax Accounting (VATA) is one of those newly emerged concepts, which were emphasized much in the context of VISION 2020 by the industry, business, profession, academic, administration, politicians etc. as VATA is regarded as a source of stable revenue, conducive to investment, immune to lobbying pressures and ensures the economic growth, which is also evident from the successful introduction of VATA by developed countries. The concept and issues are presented in this paper to make the people aware of the VATA and remove the misconceptions or notions about VATA and to draw the attention and participation of the different sections of the society for strengthening the VATA system.

Keywords: VATA, issues, resistance, constitution, administration, political, hormonisation

JEL Classification: M41, H25

Suggested Citation

Kanukuntla, Shankaraiah and Rao, Dabbeeru Neelakanteswar, Value Added Tax Accounting: Concepts and Issues (August 2, 2003). Osmania University Department of Commerce Working Paper, Available at SSRN: or

Shankaraiah Kanukuntla

Osmania University ( email )

Hyderabad, Andhra Pradesh 500 007

Dabbeeru Neelakanteswar Rao (Contact Author)

SRMS College of Engineering and Technology ( email )

9971510666 (Phone)

SRMS Institutions, Bareilly ( email )

NH-58, Delhi-Roorkee Bypass
Rm urti Puram, Bareilly- Nainital Road, Bareilly,
Bareilly, UP, Uttar Pradesh 243202
+919971510666 (Phone)

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