Answer Posted / bino baby
Value Added Tax or VAT as it is commonly known is an
indirect tax imposed on goods or services at various stages
of its production. It is imposed on domestic as well as
foreign goods and is one of the main income structures of
the country.
Sales Tax, on the other hand is levied on completed
products and the consumer is aware of exactly how much of
it he is paying.
The burden of the VAT is, however, not felt by the consumer
as much as the Sales Tax is. Since it is imposed during
production itself it does not affect the buyer unlike the
sales tax which increases the price of a commodity
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
WHEN FORM VAT R-2 USE?
Kindly, tell me abount the WCT of U.P. material & labour supply for installment of lift in premises at Noida (U.P.), our lift supplier giving the bill in 90% material & 10% Labour & charged the up vat of 12.5% , Can we liable for WCT deductor ?
i want to know about Form c,D,E, E-1,E-2,F,G,H,I.WHEN IS LIABILITIES OF ISSUE OF ALL RELATED FORM ON SELLER AND BUYER.PLZ SEND THE ANSWER OF THIS QUESTION ON MY E-MAIL
Explain long term capital gains and how is it different from short term capital gains?
Can we get excise and VAT credit form staff welfare goods like shoes, uniform, goggles etc.?
is it necessary to use form38 in UP for purchase of goods from outside UP @5%CST Tax
Define deferred tax liability? What items come under deferred tax liability?
Is there any change in the section 80E for the financial year 2009-10
how to calculate vat, st, cst, excise duty, customs duty, tds.
WHAT IS THE LIMIT ABOVE WHICH WE CAN DEDUCT THE TDS ON VARIOUS CATEGORY LIKE PRIFESSION, CONTRACTOR, INTEREST, RENT, SALARY ETC.
How can I Proceed to my client regarding Advertisement Bill as we are dealing in advertising agency and also clear us can we deduct TDS on their bill? For Example we receive a bill from The Sandesh Ltd. of Rs. 50000/- and they do not mention service tax in the bill. So, Kindly provide the Guidelines regarding This Problem.
WHAT IS EXCISE DUTY RATE IN HARYANA for RMC
how to caluclate the central exicse duty? how to implemting in to tally ERP9?
HOW THE INTEREST WILL BE CALCULATED IF WE MAKE INCOME TAX RETURNS LATE AND WHAT IS MEANT BY YEAR END?
what is procedure to get c form? what is procees to get vat /tin no
