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1- when will be vat charge, C.s.t charge and excise charge
on the goods ? 2- what is different between intra sales &
purchase and inter sales & purchase?
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Answer Posted / sridhar
1. VAT(Value added tax) is tax charged on the goods and
services by the supplier for which the supplier needs to be
registered for vat. Thus vat wil be charged on the
restricted goods. Now the state was imposing the vat rates
of 4,7.5,12%.
| Is This Answer Correct ? | 4 Yes | 6 No |
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