Answer / vishal shukla

There are two type of VAT
1-Input Vat
2-Output Vat

Answer / riyaz ahmed

There are two types of VAT:

Output VAT
Input VAT

OUTPUT VAT is charged by a business and is paid by its customers. (in this case it is, VAT on its output supplies).

INPUT VAT is paid by a business to another businesses on the supplies that it receives (in this case it is, VAT on its input supplies).

Answer / bikram mandal

three type of vat ?
1% for any ornament.
4% for Electronic goods and
12.5% for luxury goods

Answer / surabhi gupta

there are five categories of Vat-
a) 1%
b) 4%
C) 12.5%
d) 0%
e) Exempted

Answer / harmeet kour

there are four types of VALUE ADDED TAXES
1.ZERO %
2.1%
3.4%
4.12.5

Answer / shabeer

que 1: 4 type of vat

que 2:A sales tax is a special fee charged on products and
services by retailers and service providers on any monies
collected from sales.

Answer / mayuri patil

actually in vat there are no types of vat. The difference
is in between methods of varient and rates of vat

A)methods of varient
1.Gross product Variant
2.Income Variant
3.Consumption Variant

B)rates of vat
1)1% - GOLD & PRECAUSIOUS STONE
2)4% - FINISH GOODS
3)12.5% - ELECTRONIC GOODS
4)20% - LIQUOR
5)UP TO 36% - PETROL, DIESEL


The purpose of sales tax
tax wich is the name used by people/govt is sales
tax. after some modications and new methods we, in todays
world called vat. in sales tax system tax is charged
more...i.e. tax on tax
sales tax purpose from governments point of view
sales tax is a reveneu income of state govt. because of
sales tax govt can achive a control on peopl. the tax
evasion comes down. tax collected more by govt.
sales tax from assessees point of view --
assessee can enjoy self assessment. assessee may feel at
some extent relax..etc.
this system is benificial to prompt assessees
and heavily pynishable who makes a frod...

Answer / ravi

THERE ARE THREE TYPES OF VAT
1)CONSUMPTION TYPE OF VAT
2)INCOME TYPE OF VAT
3)GROSS NATIONAL PRODUCT TYPE OF VAT

Answer / kanchan singh

there are two types of vat
1- input vat
2- output vat

Answer / chandra prakash sharma

As we know that two type of vat is overhere we can measurement this, input vat which is charge on purchase and out put vat which is charge on sells

CST 2% against C form,Cst 12.5 % without c form, why government is in loss with C form?

12 Answers   Erico Labs, Hero MotoCorp,

Our one local supplier who engaged in supplying stationery & housekeeping materials he charge Vat @4% on bills or some bills they charge Vat @5% or sometime 12.5% How it decide ..?? n how can we cross check ??

1 Answers  

which within months we took service tax input. that means 3 or 6months

1 Answers  

Is octroi duty by nature a tax you can pass on to the customer in your billing? how is it different than VAT?

3 Answers  

Any body give journal entry for this PURCHASEA/C DR 500 S.TAX 50.0 SUNDRY CREDITOR 450.00 AND Which amount i taken in purchase ledger and which amount i taken in s.Tax ledger and which amount i taken in sundry creditors ledger wat are the details i require to maintain with regard to submitting of s.Tax return

3 Answers  

Basing on what we can made TDS payment

0 Answers  

what is meant by dearness allowance?

1 Answers   Wipro,

How can we treat sales to Nepal by road. Is it treated as Export ? What are the supporting documents presented to Commercial Taxes Office

1 Answers  

If forth alphabet is f then what is TDS percentage ?

0 Answers  

is F form needed while making intra stock transfer ?

2 Answers  

i had received an arrear 0f Rs.700000/- lacs for the period 1.1.2007 to 31.3.2010 and Rs.78000 for the period 1.4.2010 to 31.7.10 during aug'2010. my normal salary for 2010-11 is 400000/-. on what amount will my rent free house perquisite be calculated? i have also claimed rebate u/s 89 by distributing my arrear salary in previous years.

0 Answers  

Can it be prssible, If any person purchase Reliance life insurance policy with nepal residence address profe. If yes then who can deposit nepal curancy in indian branch.

0 Answers