what are CST,VAT ,TDS, Service tax .how they are applicable?
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 |
I want to know the TDS ammount which deducted by company.
Dear Experts, Please advice, what are the rate of WCT , and is it differ from individual to companies in case of deduction ( if i am the deducting person)
please explain what is actually E-15 what is its process and also what its importance.
if we are purchase in 4% vat tax than can we deduct tds
if a buyer paid full cst 14.5% for a redistrable assect then whatis the registration process?
plz tell me Vat Return & Vat Forms
what is the full rate of cst/vat of building material ?
What are the various forms used for VAT?
what is e-1 sales
How to Calculate Vat?
we can cash slase above 20000? and if party pay the above 20000 we can give the recipt.
if you write asessment year in place of financial year in it return , then what will happen?