Answer / guest

vat means value added tax ,meaning a tax is imposed at every
level whenever value is added to the commodity.
Input credit is being allowed to registered dealer on the
commodity on which he is liable to charge vat on sales of
the same commodity if he has already paid vat on purchase on
input material for making that commodity.its

The basic purpose of introducing vat is to curb the practice
of dealer of tax evasion on sales & there by making it
advantageous to various parties like Dealers, Consumers,
Govt .Dealers now can claim input credit,three will be
general fall in price of goods because now there will be vat
instead of others taxes & more revenue to govt.


Sales tax is on sales of goods its one point tax . input tax
credit is not available in respect of tax paid at earlier
points.

How to calculate Excise duty in manufacturing secoter.

3 Answers  

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how to calculate and submit to the concerned authority of pf,esi,pt. explaine?

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tds percentage on advertisement add agency

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2 Answers   Wipro,

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Sir please confirm job work sale for clothes shat d1 yes & no

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on how much turnover did the excise duty will be implemented?

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If my Income is 180000 p.a., so what tax I have to be deposit, explain with details of total calculation?

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if waybill issued by consignor , then c form issue whose responsibility?

0 Answers   Saira Bath Concepts,

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