Answer / sanjeev

Exice duty is of Central Govment and Sales tax of State
Govmrnt.

Answer / vinay kumar kharbanda

Excise duty is the tax on manufacturing activity controlled
by Central Government.Input excise duty & service tax on
input activities are adjustable with duty payable on
manufactured good whether it is marketable or to further
process required.
Vat is the tax on sale which is imposed by State
Government.Input local vat is adjustable with output vat.

Answer / asghar alam siddiqui

Excise duty is the central government tax an all
manufactured goods @ 8.24 % but sale tax is the state
government tax.ie. cst @ 2 % ,vat @ 4%,4.5%, 12.5 %

Answer / md.nasim

All goods that are produced or manufactured in India shall
be charged a duty of excise called Cenvat at the rates
specified in the Central Excise Tariff.where as Sales tax
is tax where any goods are sold or purchase in the market
in the monatory terms,on which lavied arises is called
sales tax it may be in a state or central.

Answer / subhasish mandal

Exiercie is central Govt. but sale Tax is state Govt.

Answer / uma shankar

Exice duty is of Central Govment and Sales tax of State
Govmrnt. BUT an all
manufactured goods @ 8.24 % Exice duty & cst @ 2 % ,vat @
4%,4.5%, 12.5 % sale tax state govt.

Answer / lalit singh

Excise tax refers to the tax that is levied upon production
of an item and the manufacturer has to pay it when the
finished good goes out of the factory. Thus it is also
called as production tax or manufacture tax.Excise is
different from customs as excise duty is levied on goods
produced inside the country whereas custom duty is charged
on good produced outside the country.

Sales tax is a tax that is levied upon the end consumer of
a product. Normally it is included in the MRP of the
product so the consumer knows that he is paying the tax
when he purchases an item from the market. In some cases,
shopkeepers add it in the last of the invoice to keep it
separate. This amount that a shopkeeper collects from the
consumers is deposited by him to the government. This is a
direct tax that is difficult to evade as a shopkeeper
cannot hide his sales.

Answer / ajit yadav

Excise Duty is of Central Government Tax and Refundable

Sale Tax is State Government and not refundable left Vat.

Hello Durgaprasad Sir, iam received a farmat of credit availed and utilized from Excise and Service tax department, but i have no idia for filling this farmat. can you tell me detail about this or tell me where it available in internet.

1 Answers  

what is rate of sale tax and vat

10 Answers  

WHAT IS CST & WHAT IT'S RATE ?

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let me know if a supplier in his invoice he has added Transportation charges & on that he is charging Vat whether vat is admissable on transportation Charges also ? Basic + Excise + Transportation charges = X amount on X amount Vat is chaged whether it is correct ( within State) Purchase. & also let me know what rule is applicable for Outside state ?

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Which form we use for depositing TCS?

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till the discounted bill is paid by acceptor it, remans 1)a contigent liabilities for the acceptor 2)a contigent liabilities fot the drawer 3)a contigent liabilities for the bank 4)a liabilities for the drawer chose correct answer with detils.

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What are the types of provident funds?

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