Interested to Buy Any Domain ? << Click Here >> for more details...
What is the Difference between VAT and Sales Tax ?
- 2 Answers
- 5845 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 |
Is service tax paid on LIC premium eligible for rebate under section 80C?
Who will be authorized to collect Luxury Tax ? Is ther any form of returns for luxury tax? Bar & Restaurants are charging Luxury Tax @10%, is there any accountability for collection of luxury tax.
what is excise return form ?
what is cenvat credit? plz tell service tax interest rate and watz it procedure...
What are the Different heads of income tax act 1961? tax rate on companies according to current budget?
What is the Procedure of Import & Export
top ten excise rules????
1 Answers Ashok Iron Works, Samsung,
what is the income tax rates of domestic and forgin companies
What is TDS and what are the various rates of TDS?
What is the difference between 24Q and 26Q form of tds
What is Labour Cess? Pl. define. & what is rate of Labour cess.
I am an registered dealer in Rajasthan State, and I am selling goods out of Rajasthan to a registered/unregistered dealer without 'c' form. What cst will be charged on it?
Audit 
