how many types of vat



how many types of vat..

Answer / murali

There are 2 types of VAT
1.Input vat (Purchase)
2. output vat (sales)
3.Purchase exemption and sales exemption

for gold and other ornaments Rate is 1%
for iron and steel - 4 %
For consumer goodds is 12.36 %

Thanks

Is This Answer Correct ?    6 Yes 0 No

Post New Answer

More Taxation Interview Questions

1· Other Mortgage Questions ?

0 Answers   Cholamandalam DBS,


When Tax paid comes under expenses account instead of duties and taxes(current liabilities) ?

1 Answers  


On what amount of sale Excise Duty levied?

5 Answers  


which is the payment date & return fileing dates of PF, PT,ESI,TDS,Service TAx and IT in Karnataka

2 Answers   Hatti Kaapi,


if cst sales and purchase is completed and we issue c form and received c form also.but in next month both sales and purchase are return. my question is how to pass reverse entry when c forms issue/receive. how it cst return also.

0 Answers  






please tell me how to take stock (not enter in purchase) in Tally ERP 9 in Case the goods recived against from FORM 38 The Company sent me consignment for sale on behalf commisson & after sale he want FORM F. so please tell me procesure of TAke the Stock in Tally for the Created Sale Invoice & Tax Invoice. Thank You

0 Answers  


What is GST..?

1 Answers  


Where can i get IFAM Banglore details, i came to know that there they are giving Accounts & Taxation Training on Real Projects, and they are providing Job after training. I got one number that is not reachable i.e 9591777526. Please give me if any one knows this Institute details.

0 Answers  


what is the vat & cst rate with cst and without c form. TDS on salary how to deposti and which challan use for this

0 Answers  


For what Purpose we should pay Profession Tax? After paying Profession Tax we can get benefit for personnel return filling? If Yes? than where?

2 Answers  


Can anybody tell me that what is the difference among ER- 1,ER-2,ER-5 and also write please applicablity circuler/rule for its limitation or please advice me the best book related rules which is helpful for excise accounting. "THANKS IN ADVANCE"

2 Answers  


Can I know the Difference between C form and E Form

1 Answers  


Categories