Answer / h.r. sreepada bhagi

Sales Tax (CST or VAT) on Sales is Output Tax & Sales Tax
mentioned in the Purchase Bill is called Input Tax.

If Tax is charged under VAT Act, the purchaser is entitled
for credit of Input Tax (As per the provisions of the Act)
and adjust the amount while remitting Tax on his sales
(Output Tax)

Before VAT was introduced tax on sale of products was called
'Sales Tax'. Now Intra-state tax on sales is called VAT &
tax on Interstate sales is called CST (Central Sales Tax) -
CST is not available for set off against output tax.

if we are not able to issue F form and Goods transfer treat as deeded sale and want to paid taxes on that sale. but local tax rate is Zero. in above situation I can transfer of goods without F Form and Without paying any tax ?

1 Answers  

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what r the differences among GRN, TOT, VAT and other regestration numbers. what is the limit to the turnover according to vat act?Pleas clear my doubt.

1 Answers   Satyam, Texus, Vinayak Traders,

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3 Answers  

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2 Answers  

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What is the difference between SALES TAX and VAT?,When we'll pay VAT?,and when we'll pay VAT?

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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

1 Answers   NSCI,

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Hello, i am rohit sharma. i want to ask you that i can taken credit input of sercice tax of telephone bill.

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4 Answers  

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1 Answers  

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