what is vat?
what is excise?
what is form c & d in sales tax?
Answer Posted / surya. gangadhar
VAT:- IT IS A MULTI SALE POINT OF TAX WITH SETOFF. THAT
MEANS CHARGED BY THE REGISTERED DEALER(SELLER) TO
REGISTERED DEALER(PURCHASER). IF IT IS WITHIN THE STATE
THAT IS VAT WILL APPLICABLE WHERE AS INTERSTATE C.S.T WILL
BE APPLICABLE.IF PURCHASER ISSUE FORM'C' TO THE SELLER THEN
THE RATE OF TAX WILL BE REDUSED THROUGH 'C' FORM. FORM D
WILL BE ISSUED BY THE GOVT. TO THE SELLER INTHE SAME WAY.
EXAMPLE:
IF A PURCHASE GOODS FROM B. B WILL CHARGE SOME AMOUNT
INCLUDING TAX. IF A ISSUE'S FORM 'C' THEN THE TAX WILL BE
REDUCED. SO A IS SAVING OF TAX.
Is This Answer Correct ? | 14 Yes | 5 No |
Post New Answer View All Answers
In wct limit is Rs.5lac if vendor provide bill below 5lac wct will applicable or it aggregate I need deduction of wct 5lac slap
what data require for liability calculation under work contract tax composition scheme and regular method.
Can we use ST-38 outward form for a sale of Rs-100000/- with in the state i.e haryana
th point in when will details wil get filled in ER1 2a and 2B?capg
How to make a bill of software sale with service tax?
Sir we have maintaint RG 23 Part I Excise Register manually but we can maintaint excise register in Tally erp 9 we tray but tally not show properly RG 23 Part I Excise register like manual. please guide & solve the problme.
why VAT not charged in deemed sales bill.
which form no's wiil be used for filing IT,ADVANCE TAX, TDS,VAT,CST,ST,PT,EXICE DUTY,ESI,PF?What is the Due Dates? very urgent
How much is the tax & surcharge % against d-1 form. on cement,steel,electrical item,RMC,
How Many Category of VAT in West Bengal
What is supporting documents enclosed & must be required to Submit of quarterly & Yearly Sale Tax Return (Haryana)
Central purchase is eligible for issuance of H form. Whetther H form can be issued against local purcahse also? What I came to know is : earlier H form can be issued against central purchase only, but after intoduction of VAT, department issued notification regarding issuance of H form against LOCAL PURCHASE also. Is it true? If true then please tell me about notification/ circular/ relevant section or law. Please look into the matter. Thanx n Regards
i want know central excise duty codes with cess?
what is procedure to get c form? what is procees to get vat /tin no
what is the vat rate of Saw dust powder in maharashtra