vat is value added tax.. however the simple defination is
to purchase goods with saving of tax i.e. if vat applicable
4% then 2% cst against "c"form.. & the same if vat
applicable 12.5% then only the same rate @ 2% cst against
form "c". (saving of tax)
but the same should happned only within two different
state..within the state is not applicable.
is it 'C' Form is applicable for all goods, Ex.Rawmaterial,
buying Air Conditioners for Office use from out of the
state, Computers Purchase and Machinery Purchase from Out
of the State. Is it applicable for 'C' issued to the above
May i know i 2 avoid Income Tax.I am getting 1,20,000PA
and a house rent of 5000PM,and profit from Agriculture
Income of 80,000.Is agriculture Income taken into
consideration.If so how 2 calculate further & how much will
b the Income TaxI will b getting.