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1. How many types of vat?
2. What is the sales tax purpose?
- 31 Answers
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Answer / trupti
THERE ARE 5 TYPES OF VAT
1)1% - GOLD & PRECAUSIOUS STONE
2)4% - FINISH GOODS
3)12.5% - ELECTRONIC GOODS
4)20% - LIQUOR
5)UP TO 36% - PETROL, DIESEL
| Is This Answer Correct ? | 183 Yes | 77 No |
Vat basicaly is two type
1-Input Vat (Charge on Purchase)
2-Output Vat(Charge on Sale)
Sale Tax
When our Turnover Above of 900000 then it's mendetory
registration of S.T.R.
When our Turnover(Gross) above of 1000000 It's compelsoury
payment of S.T.
S.T is charge Receipt basis.
| Is This Answer Correct ? | 68 Yes | 23 No |
There is no different types of vat. only different types
vat rates are there on different types goods.sale tax is
two types vat and cst. When you sale the goods within state
you paid vat and sale the goods outside state then paid cst
to the concerned authorities.
| Is This Answer Correct ? | 48 Yes | 20 No |
Answer / kanchan pardhi
There are 2 types vat (1)input vat & (2)output vat
1-input vat (charge on purchase)
2-output vat(charge on sales)
different types
vat rates are there on different types goods.sale tax is
two types vat and cst. When you sale the goods within state
you paid vat and sale the goods outside state then paid cst
to the concerned authorities.
| Is This Answer Correct ? | 31 Yes | 5 No |
Answer / rohit kapoor
i want to knowledge of payroll and t.d.s & income tax pls
sent your answer on my e-mail side in easy languges.
| Is This Answer Correct ? | 46 Yes | 21 No |
1.two type
A.Input Vat
this type of tax use is Registered Dealer.
B.Output Vat
this type of tax use is good sold on customer.
| Is This Answer Correct ? | 20 Yes | 4 No |
Answer / manzur
1. 2 Types of vat . Input Vat and Output vat
2. When you sale the goods within state
you paid vat and sale the goods outside state then paid cst
to the concerned authorities.
| Is This Answer Correct ? | 13 Yes | 0 No |
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Audit 
