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what is difference among VAT, CST and sale tax
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Answer / vedhavyas g kotekar
VAT [Value Added TAx] means tax is local tax i.e, within
the state & CST [Central Sales Tax] Inter state Sales or
Transaction and Sales Tax is the Tax on Sales it may be VAT
or CST.
| Is This Answer Correct ? | 96 Yes | 6 No |
Answer / narender kumar
vat is value added tax ( it is local tax on product sale) &
cst is a central sale tax (it is not local tax , basically
it is sale of other then local state.vat & cst both are
sale tax
| Is This Answer Correct ? | 33 Yes | 0 No |
Answer / amit goyal
VAT- Vat is a local tax in a state.That percentage is 4,5
and 12.50 %.In local tax we issue D-1 form aganist 4% sale
or purchase.otherwise 5 or 12.50 %tax will be charge.
CST - Central sale tax is a sale of outside local city.It
means sale on central area.the tax is on C form 2 %
otherwise 4 and 12.50 %,It depends on item.
sale tax- We are saling the product than we can charge tax
that is sale tax.sale can be central and local.
| Is This Answer Correct ? | 16 Yes | 1 No |
Answer / bhrast bharat
Simple hai yaar:- VAT ko state govt. khaa jati hai.
aur CST ko Central govt. khaa jati hai.
State govt. ko khaane ko nahi milta tha to usne VAT ka
janam kar diya. Itna khaane ke baad bhi madarchoodo ka pet
nahi bharta to ghoos khate hai. G.Tax matlab to samajh hi
rahe ho dosto.
| Is This Answer Correct ? | 17 Yes | 3 No |
Answer / abhishek ranjan
IF YOU ARE PURCHASING SOMETHING WITHIN THE STATE. THEN YOU
HAVE TO PAY VAT AS A TAX. & YOU ARE PURCHASING FROM ANOTHER
STATE THEN YOU HAVE TO PAY CENTRAL SALE TAX.
| Is This Answer Correct ? | 13 Yes | 0 No |
Answer / ramya
In VAT we can take credit from our purchases, but in CST we
cannot take credit from our purchases.
| Is This Answer Correct ? | 13 Yes | 4 No |
There are two important Tax invoice one is VAT and another
one is CST. VAT(value added tax) means tax for goods sold
inside the state and CST(central sale tax) means tax for
goods sold out of state.
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / r.iyyappan
There are two important Tax invoice one is VAT and another
one is CST. VAT(value added tax) means tax for goods sold
inside the state and CST(central sale tax) means tax for
goods sold out of state
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / ramesh
vat (Valu added tax) is means local mateial purchase,cst
(central sales tax) material movement one state to anothere
state.
| Is This Answer Correct ? | 4 Yes | 0 No |
Rs.100000/- include service tax 10.30% How will be calculate. What is Basic, 10%, 2%, 1%.
I am running a small business under labour charges. I purchase raw material paying tax. I do not have a tin no. In that case kindly advise How to file IT returns of my company and whether I can claim tax refund.
Differentiate between financial year, assessment year and previous year?
what mean by tds on vat?
WHAT IS THE LAST DATE FOR PAYMENT OF TDS FOR THE LAST QUARTER (i.e. 4TH QUARTER) FOR THE LAST THREE ASSESSMENT YEARS?
We are the manufacturing unit & we have Excise Registration no also. My Question is what is Ex. Duty & why we take Excise Registration.
if Mr. A Charge to Mr. B 5% CST, Mr. B Paid 5% CST To Mr. A so Mr. B c Form Give To Mr. A This Is right or wrong
what is the rate of taxes for works contract
what is the last date for payment of tds for the month of March - for the last three assessment years?
What is TAN, TAN, PAN, DIN and what are uses of these in any company/organization/firm. pl tell me
One c form issued by the ETO was found misplaced.Kindly advise the procedure for reissuing .
We need to know is their any govt notification for VAT & Service both applicable for one item or single invoices
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