Interested to Buy Any Domain ? << Click Here >> for more details...
What is the Difference Between Sales Tax and VAT ?
- 8 Answers
- 11991 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / vijay panday
sale taxes are two type one central sale tax and an other
local sale tax.but vat is modified version of local sale
tax which is under state Govt.
| Is This Answer Correct ? | 9 Yes | 0 No |
VAT IS MODIFIED VERSION OF SALE TAX UNDER STATE GOVT
| Is This Answer Correct ? | 10 Yes | 3 No |
Answer / bibudha kumar barik
hi
sales tax means it may be cst and vat but vat means it is
only local sales tax which is under state govt.
| Is This Answer Correct ? | 7 Yes | 3 No |
Answer / snehal
sales tax is collect on direct sale while vat is value
addition on net price. sales tax is tax including in
price,other than vat is addition of net price.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / meenakshi
Sales Tax is the percentage of revenue imposed on the retail
of sales of goods Whereas VAT is a form of indirect tax that
is imposed at different stages of production of goods and
services.
Unlike VAT, Sales tax is levied on the total value of goods
and services purchased.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / n manjunath reddy
VAT is value adding from manufacturer to
wholesaler to retailer to the partcular product up
to the alimate consumer he every process VAT
need to be collect but sales tax only once
payable
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / raj
sales tax was the central govt tax but vat comes under
state govt
| Is This Answer Correct ? | 12 Yes | 12 No |
Answer / amit kumar verma
Sales Tax is the percentage of revenue imposed on the retail
of sales of goods Whereas VAT is a form of indirect tax that
is imposed at different stages of production of goods and
services.
| Is This Answer Correct ? | 0 Yes | 0 No |
Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-
0 Answers InTarvo Technologies,
Tax Invoice: Client had settled Rs. 5,25,000/- {after deducting TDS @ 10% from base/gross amount and then added (+) Service Tax Amount (15%)} which equals to Rs. 525000/- (Settled Amount by Client). Please let me know what will be gross amount and total invoice amount including Service Tax????
The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
what is meant by OGL ?
What is use of subject history in banking?
what are accounting concepts?
what is mean by contra entry
If A are issueing a Cheque to B when B will present the Chq. in Bank than what entry will be prepare by the Bank in Their Books ?
what is the difference between shares and debentures
Tell me what is your track record for consistently achieving your targets?
how to pass entries for suspense account?
5 Answers Reliance Construction,
Explain me the basic accounting equation?
Audit 
