what are CST,VAT ,TDS, Service tax .how they are applicable?
- 3 Answers
- 20101 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / subash kumar singh
Sir CST means Central Sale Tax. When we made sale outside
of state then CST applicable. If we sale against C form
then CST will be Charged by 2% other wise Local sale rate
will be applicable for that particular item.
If we talk about Vat that means Value added tax its multy
pointed tax is applicable on local purchase & sale(withnin
state) suppose we made purchase from A ltd. for Rs.100 rs.
and paid 5 Rs. tax that means that 5 rs. our input vat
whenever we made sale of that product for Rs. 120 then
we'll recive 6 rs. tax that is called output tax.
TDS means tax deducted at source, suppose we deposited
money in bank after maturity we'll get interest from bank
at that time bank make payment to us after deducting tax.
| Is This Answer Correct ? | 36 Yes | 0 No |
Answer / balabhadra kantha
CST -cental sale tax , it is charged by govt , if company sale or supply his product out side states ,then CST applicable.
Service tax - service tax is charged for , contract type business , means where further chances of service provide by company , ( after complitaion of work or contract )
Vat - value added tax , this is charged for both side , buy+tax , sell+tax.
Tds - tax deduction at source , it is charged by income tax rule , & it charged on personal income , like salary .
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / accountant
-CST is a government tax. then we are doing in business
purchases and sale out of state.
VAT:- Pur / sale in our state.
TDS:- However party Deduction in Tax Of other Income.
Service Tax:- how many Product in deduction.
| Is This Answer Correct ? | 2 Yes | 10 No |
how to compute service tax?
Rules for filling Income Tax return for a MNC?
WHAT IS MAT
WHETHER VAT IS APPLICABLE IN FIRMER TRACTORS ? WHETHER VAT IS APPLICABLE IN NORMAL TRACTORS ? PLEASE NOTE THAT I HAVE PURCHASED IT BY PAYING VAT.
How do you plan to achieve these goals?
i paid tds through my bank account but i entered the assessment year as 2010-11(the current year) instead of 2011-12(actual assessment year). what is the remedy for this. how do i get refund for the wrongly paid sum. or is there any way to currect the assessment year?
In a case one company has paid surcharge of Rs100000 by mistake. What are the remedies available to the companies.
Hi Kindly provide the current slab for profession tax in karnataka and due date for remittance the profession tax
reverse charge applicable here and sr is liable to pay service tax 100% and service provider gives service rs 114 (inclusive tax).then tell me amount payable to service provider?
how many sale tax charged on the billing for central dealer by uttar pradesh dealer at furniture items ? & how many sale tax charged for u.p. dealer by up dealer ?
what is the treatment of minimum alternate tax, and it's calculation procedure
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.
Audit 
