Synopsis VAT (Value Added Tax) is a highly contentious, complex and timely concept. The latest brilliantly accomplished book explores, highlights, analyses and provides a peerless account of various issues and paradigms of VAT consisting of MANVAT (VAT at manufacturing stage), MODVAT (Modified Value Added Tax), CENVAT (Central Value Added Tax) and State VAT comprising economics of excise duties; additional excise duties in lieu of sales tax and allocation of revenue from VAT and CENVAT; Sales tax; excise duties and additional excise duties between centre to states on the recommendations from the First Finance Commission to the Eleventh Finance Commission. The immensely practical manual and highly comprehensive refreshing book demonstrates the concept, properties, objectives, forms, needs, merits and demerits, measurement, incidence, evasion, practical difficulties etc. of VAT to CENVAT in global as well as Indian perspectives. This timely book is designed to improve the quality and concept of Indian Tax System by covering all the relevant issues. It is a manuscript of erudition and scholarship but is written throughout in an engaging and scholarship but is written throughout in an engaging and informative style. It also offers new and insightful roads of the subject.