1- when will be vat charge, C.s.t charge and excise charge
on the goods ? 2- what is different between intra sales &
purchase and inter sales & purchase?
- 3 Answers
- 6022 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sanjeev
Ans -2 when the sales or purchase is made with in a state
then it is called intra sales & Purchase and when outside
the state then its called inter sales & purchase.
Ans:- 1 Vat charges for - Intra sales & purchase
2 CST Chargest for Inter sales & Purchase
Excise chages for all goods Produce or manufacture in india
and also mention in CETA (as per india )
| Is This Answer Correct ? | 11 Yes | 0 No |
Answer / natasha bhardwaj
vat(value added tax) is a tax charge on the sale and purchase of good vat is multistage tax i.e on every stage tax shall be charged from costumer for purchaing the good. we have to pay tax at every stage but credit shall be allowed on it that is called ITC(input tax credit)
only the person who is registerd under vat act can take credit of vat only and as per recomadation of white paper vat shall be chared 4%,12% but if a individual state wants to change it they are fre to change
cst(central state tax) is tax on inter state sale and purchaseas we listen this word it seems like tax paid to central govt but actully tax paid to state govt. now u people will think so why it is central state tax because when there was a dispute between inter state and inter state for giving deduction so central govt decide that who will give deduction that is why it is central state tax.
now diffrence between intra and inter - inter state sale aur purchase means outside the local state or in other state.
intra state sale purchase means within the state.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sridhar
1. VAT(Value added tax) is tax charged on the goods and
services by the supplier for which the supplier needs to be
registered for vat. Thus vat wil be charged on the
restricted goods. Now the state was imposing the vat rates
of 4,7.5,12%.
| Is This Answer Correct ? | 4 Yes | 6 No |
Can anyone plz. tell me where can i get the proforma application for DAO.I have tried all the links but i couldn't find any application proforma in the notifications.
what is a bill of exchange?
wht is bills receivable and bills payable
What is the correct entry for Telephone bill expense?
sir, how to passes opening stock entry in tally9 when i pass entry purchases
what is difference between public sector and nationalised bank?
7 Answers College School Exams Tests, Magnum,
What is the difference between an Imprest and Non-imprest petty cash account?
What are the main things to see which making a Balance Sheet ??
EXPAND___________MNC
Let me know the difference between cash flow and free cash flow
what is the diff b/w manufactring a/c & trading a/c?
Expand DDO?
Audit 
