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Vol 10, No 2; April 2009. http://www.becollege.org FROM THE EDITOR S DESK ........................................................ 1 VC and New Era at BEST..........................................................
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VC stands for Value-Added Tax and New Era refers to the new electronic reporting system for VAT in some countries.
Businesses that are registered for VAT are required to file VC and New Era.
To fill out VC and New Era, businesses need to access the online platform and enter the required information about their VAT transactions.
The purpose of VC and New Era is to streamline the reporting process for VAT and improve tax compliance.
Businesses must report details of their VAT transactions, including sales, purchases, and input VAT.
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