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what is vat?
what is excise?
what is form c & d in sales tax?
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Answer Posted / atul
vat is value added tax and having two kinds cst (central
sales tax) and local sales tax if we want to purchase some
goods out of our state that is central sales. vat is
calculated on behalf of net tax basis like A is a register
dealer and purchaser also and B is also register dealer and
saler what ever goods A purchase from B he would get input
tax and what ever goods a would sale he would get output
tax difference of both A have to pay
example;- output tax -inputtax
| Is This Answer Correct ? | 77 Yes | 152 No |
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