how many types of vat



how many types of vat..

Answer / murali

There are 2 types of VAT
1.Input vat (Purchase)
2. output vat (sales)
3.Purchase exemption and sales exemption

for gold and other ornaments Rate is 1%
for iron and steel - 4 %
For consumer goodds is 12.36 %

Thanks

Is This Answer Correct ?    6 Yes 0 No

Post New Answer

More Taxation Interview Questions

If the the material sent for job work in outside state for job work ,what should be service tax chargeable or not if material receipt after job work done to job worker kindly suggestion

0 Answers   A1 Technology,


what do you mean by fringe benefit tax???

4 Answers  


procedure to get Raw Material free of excise duty under Central Excise Act,

0 Answers  


th point in when will details wil get filled in ER1 2a and 2B?capg

0 Answers  


what are CST,VAT ,TDS, Service tax .how they are applicable?

3 Answers  






What is Form 12A & Form-H and where is applicable.

0 Answers  


what is input rebet on sale tax?

2 Answers   Infosys,


should we can take modvat benefit any time or they have some limit time to take input benefit claim?

0 Answers  


I have deducted the tds against advace payment on 150000 ie 3000 paid to govt, in jan month in april month i rec 300000 bill so how to adjust the previous advance tds in this bill

2 Answers  


WHAT IS THE PENALTY CHARGE BY THE SALES TAX DEPARTMENT IF WE ARE ENABLE TO FILE SALES TAX RETURN AFTER ONE MONTH FROM END OF THE IVQ-2012-13.

0 Answers  


how can i(accoutant) file tds,vat,service tax,salestax,business it returns?

2 Answers   Biotavia, GMG, Hot Brands,


whether commission earned by stock broker is laible for TDS?

2 Answers  


Categories