1. How many types of vat?
2. What is the sales tax purpose?
Answer Posted / riyaz ahmed
There are two types of VAT:
Output VAT
Input VAT
OUTPUT VAT is charged by a business and is paid by its customers. (in this case it is, VAT on its output supplies).
INPUT VAT is paid by a business to another businesses on the supplies that it receives (in this case it is, VAT on its input supplies).
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
what is tax avoiding?
What is the Rate of Service tax for Short term accommodation services & Restaurant Services ?
Dear Friends, Hai, i want to Know that How To Fill ETDS Return. Kindly Tell I'wll we very thankful to you. Deepak Gupa
What is RITC under UP VAT. and How it is calculated.
What are the treatment & implications in case interstate sales transaction if party is not registered (Individual or other then individual)
type of sale and purchase tax?
How tax deduction at source is deducted
I want to know the TDS ammount which deducted by company.
what is the vat rate of Saw dust powder in maharashtra
what is the percentage of W.C.T T.D.S to deduct from vendor, and is this includes T.D.S deduction or again T.D.S has to deduct separately?
how to calculate tax for the income earners
I raised a service tax invoice against a client on which i charged service tax and without receiving any sum from client a deposited service tax on good faith but now client refuses to pay sum . so please, tell me what should i do.
Provision for Service tax, Income tax and Sales tax
what is the procedure for Excisable goods transfer from Head office to branch and vice versa (the branch is located in the same state) also if the branch is located in other states. How will it affect the VAT returns
What are the excise duties in our state?