Answer Posted / atul nema
VAT= Multipoint tax and applicability of input tax credit.
Every point sale ill goods reaches to the customer.
SALES TAX = Single Point tax without Input Tax credit.First
sale is chargeable to tax n subsequent slae would ne exempt
from tax.
Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
I have doubt on Input VAT & Output VAT (incoming vat / outgoing vat) I have a HMS software, where we have interface to tally erp. When we import the transactions to Tally from HMS (Hospital Management System) All the purchases what we do for a period, the tax paid on these purchase are showing as out going vat. Similarly when we do the sales of those purchased items through HMS, tax collected from customer is showing as incoming vat. Is these are correct terms what they had mentioned in HMS? Please help me out.
What is the rate of Excise duty for all goods Is der any Difference in rate of exice duty for Chemicals And Fabric
What is Vat and how it is adjustable with input vat and what return form required for DVAT?
What is meant by Cost of Improvement?
what is central excise tax
If we taken TIN No.for sale in intra & interstate , CST No.also required to take? ?
what is cenvet credit in vat.
in gujarat. whether Vat is applicable if H form issue ?
Hi, Can somebody help me to know whether WCT MVAt is applicable on catering service, if the caterer is uses his own material and labour for doing cooking in our premises and later the product is sold in the same premises for the employees. Kinldy advice whether WCT will be deducted on this.
How can done the Accounting of WTC ? OR WTC treat (Take) like Service tax credit?
Are woollen Blankets (Rugs) taxable under CST ? Can unregistered party sell it.
how form h fill up?
What do you understand by transfer income?
WHEN FORM VAT R-2 USE?
Can I use a single way bill for 1 vehicle dispatching material from multiple consigners to a single consignee???