what is vat?
what is excise?
what is form c & d in sales tax?

Answer Posted / vikram singh kang

Vat is tax which is charged by the seller at the time of
sale of goods and excise is tax which is charges on the
prodution of goods at the time of its sale.

Is This Answer Correct ?    11 Yes 28 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What's format of CMO & CMA Data?

2235


how to calculate and submit to the concerned authority of pf,esi,pt. explaine?

2185


please tell me how to take stock (not enter in purchase) in Tally ERP 9 in Case the goods recived against from FORM 38 The Company sent me consignment for sale on behalf commisson & after sale he want FORM F. so please tell me procesure of TAke the Stock in Tally for the Created Sale Invoice & Tax Invoice. Thank You

1780


how many form used in sales tax return from begining to ending?

1254


AS PER VAT AUDIT WE HAVE REFUND OF RS.25000/- ON PURCHASE OF FIXED ASSETS WHICH WE DID NOT CLAIM LAST YEAR, NOW WHAT ENTRY SHOULD WE PASS IN BOOK. ITS URGENT

1735






how to file returne?

1997


what is the objective of business taxation in private company?

2101


what is the procedure for Delhi WCT payment , we have a registered office at mumbai and we have a branch at delhi for that renovation we have deducted WCT ,we have ur VAT and CST no for delhi branch do we need have additional registration for this payment

6969


I have a plot at Visakhapatnam. I have entered into a contract with a builder which enables him to construct 10 flats on the plot and builder and myself will share 50:50 of the constructed area. i.e. builder will get 5 and i will get 5 flats. Builder is not paying me any other consideration apart from 5 flats. Kindly clarify as to whether any servive tax is applicable and payable by me ?- kgr varma

1562


if threshhold limit is crossed then tds is deducted on which amount ? Aggregate or exceeding threshold limit?

1246


Please tell me the rate of service tax of Transportation and the who is liable to deposit the Service Tax, the receiver of service or provider the service

1748


Dear sir, mu question is that can one lunch (Tiffin) provider person mention both vat or service tax on his bill. pls. give me answer. EXPLAIN BRIEFLY.

2699


What is the value of the Budget for 2009-10

1540


For what Purpose we should pay Profession Tax? After paying Profession Tax we can get benefit for personnel return filling? If Yes? than where?

4388


How to make a bill of software sale with service tax?

1772