What is the difference between Sales Tax and VAT?
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Answer / jaydeep banerjee
Sales tax, as compared to VAT is the percentage of revenue
imposed on the retail sale of goods. Unlike VAT, sales tax
is levied on the total value of goods and services
purchased.
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / somayya swami
SALES TAX IS A SINGLE POINT TAX BUT VAT IS MULTI POINT VAT
TAX. VAT IS COLLECTED MULTIPOINT
| Is This Answer Correct ? | 3 Yes | 0 No |
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