What is the Difference between VAT and Sales Tax ?
- 2 Answers
- 4703 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / atul nema
VAT= Multipoint tax and applicability of input tax credit.
Every point sale ill goods reaches to the customer.
SALES TAX = Single Point tax without Input Tax credit.First
sale is chargeable to tax n subsequent slae would ne exempt
from tax.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / bino baby
Value Added Tax or VAT as it is commonly known is an
indirect tax imposed on goods or services at various stages
of its production. It is imposed on domestic as well as
foreign goods and is one of the main income structures of
the country.
Sales Tax, on the other hand is levied on completed
products and the consumer is aware of exactly how much of
it he is paying.
The burden of the VAT is, however, not felt by the consumer
as much as the Sales Tax is. Since it is imposed during
production itself it does not affect the buyer unlike the
sales tax which increases the price of a commodity
| Is This Answer Correct ? | 3 Yes | 0 No |
What is total income?
How To fill vat, Tds, Service tax Return Form? Please Explain With an Example.
2 Answers DELL, Event Management, HCL, Mohrish Pharmaceuticals, Phoenix Cars,
I paid TDS through the bank a/c. but i entered wrong TAN no. instead of HYDC04387F I ENTERED HYDCO4378F ,and pl. tell me what can i do and how can i change TAN no.
5 Answers Essar International School,
Dear friends, can A trading firm register with excise? i want to know all about excise.
what is "c" form?
What is Differed tax Liability?
What is service tax?how deduct service tax?
what is the circle of tds and its rate chart
Define Amortization & Impairment?
what is service tax? how its count? and why its count?
how to bifurcate service tax & swachh bharat tax from total tax amount. i.e. If Tax Amount is Rs.28.50/- then Service Tax = ? & Swachh Bharat Tax = ?
How to file the sales tax returns. I am new to this feild. pls help me.
Audit 
