Answer Posted / mohammed abdul mohisn( hawalda
A sales tax is a consumption tax charged at the point of
purchase for certain goods and services. The tax is usually
set as a percentage by the government charging the tax.
There is usually a list of exemptions. The tax can be
included in the price (tax-inclusive) or added at the point
of sale (tax-exclusive).
Most sales taxes are collected by the seller, who pays the
tax over to the government which charges the tax. The
economic burden of the tax usually falls on the purchaser,
but in some circumstances may fall on the seller. Sales
taxes are commonly charged on sales of goods, but many
sales taxes are also charged on sales of services.
| Is This Answer Correct ? | 11 Yes | 0 No |
Post New Answer View All Answers
What are the essential of internal audit?
i have to finalize a mineral water co. for the year 2014-15 and i want to know that what will be rate of excise duty on sale of mineral water.
How to reconcile GST Tally and GST Portal ?
Explain the before an audit processes?
Define decommission liability?
Why you want to be a auditor?
Explain different functions of internal audit?
what is the difference you can make by doing your course in the country of your choice
Should the duty of creating a purchase order be segregated from the duty of creating a vendor?
Explain what are the different functions of internal audit?
Audit strategy based
Would you consider alternative vacancies if so which:
whta is the current SBAR? Please provide the past rates from 1st january 2011 to till date.
What is external audit?
Explain the purpose of meeting in audit?
