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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1913)
 Accounting General interview questions  Accounting General Interview Questions (2841)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4372)
Question
1. HOW MANY TYPES OF VAT?
2. WHAT IS THE SALES TAX PURPOSE?
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
THERE ARE 5 TYPES 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
 
Is This Answer Correct ?    93 Yes 32 No
Trupti
 
Answer
# 2
THERE ARE TWO TYPE OF VAT 1) 4% & 12.5% 
Is This Answer Correct ?    124 Yes 98 No
Vandana
 
 
 
Answer
# 3
2 types.input vat
output vat
 
Is This Answer Correct ?    33 Yes 9 No
Kalpana
 
Answer
# 4
Vat basicaly is two type
1-Input Vat (Charge on Purchase)
2-Output Vat(Charge on Sale)
Sale Tax
When our Turnover Above of 900000 then it's mendetory
registration of S.T.R.
When our Turnover(Gross) above of 1000000 It's compelsoury
payment of S.T.
S.T is charge Receipt basis.
 
Is This Answer Correct ?    30 Yes 11 No
Megha Nigam
 
Answer
# 5
i want to knowledge of payroll and t.d.s & income tax pls
sent your answer on my e-mail side in easy languges.
 
Is This Answer Correct ?    30 Yes 12 No
Rohit Kapoor
 
Answer
# 6
There is no different types of vat. only different types
vat rates are there on different types goods.sale tax is
two types vat and cst. When you sale the goods within state
you paid vat and sale the goods outside state then paid cst
to the concerned authorities.
 
Is This Answer Correct ?    25 Yes 13 No
Bhakar
 
Answer
# 7
there are five categories of Vat-
a) 1%
b) 4%
C) 12.5%
d) 0%
e) Exempted
 
Is This Answer Correct ?    27 Yes 19 No
Surabhi Gupta
 
Answer
# 8
There are 2 types vat (1)input vat & (2)output vat
1-input vat (charge on purchase)
2-output vat(charge on sales)
different types
vat rates are there on different types goods.sale tax is
two types vat and cst. When you sale the goods within state
you paid vat and sale the goods outside state then paid cst
to the concerned authorities.
 
Is This Answer Correct ?    8 Yes 0 No
Kanchan Pardhi
 
Answer
# 9
three type of vat ?
1% for any ornament.
4% for Electronic goods and
12.5% for luxury goods
 
Is This Answer Correct ?    26 Yes 21 No
Bikram Mandal
 
Answer
# 10
1.two type
A.Input Vat
this type of tax use is Registered Dealer.
B.Output Vat
this type of tax use is good sold on customer.
 
Is This Answer Correct ?    6 Yes 1 No
Megha Nigam
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
what is the treatment of minimum alternate tax, and it's calculation procedure HCL 5
What is corporate Tax Genpact 4
Which form we use for depositing Advance Tax   9
can i take input tax credit on inter state purchase? reply breifly. IOCL 9
What is business? TCS 8
What is the limitation of loan given from one private company to other proprietors company, if any restirction is there. Please explain and how it affect income tax point of view? PNG-Power 1
Is VAT & CST should be charged at a time on one purchased item? please give more clearity on this issue?   4
Please let me know..if we can deduct amount TDS for the payment made to travelling which amounts to Rs. 3702/-   4
Is service tax is direct tax or indirect ? Wipro 8
what is Gratuity? why it is deducted ? Magna-Infotech 1
Is octroi duty by nature a tax you can pass on to the customer in your billing? how is it different than VAT?   3
what is the different between CST , VAT, and Excise Duty ? L&T 12
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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