What is the Difference Between Sales Tax and VAT ?

Answer Posted / bibudha kumar barik

hi
sales tax means it may be cst and vat but vat means it is
only local sales tax which is under state govt.

Is This Answer Correct ?    7 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the minimum & maximum amount paid by company per day

1655


How can you made payment when bill come from vendor, what is the bills have you check.

1503


how to calculate the per unit cost of production

1218


In Service tax Return ST-3 What is meaning of first Row (i) Service tax payable (a) Gross amount received in money (I) Against service provided Pls explain in detail

1418


Explain me what makes a successful account manager?

601






What is the use of accounting?

628


what is the performa of bank reconcilation ? i want to need it and also i want to know about tds entry for various sources such as rent,contractor, commission, etc. and how we make the tds return, please tell me its very urgent?

1679


What do you think is a bank reconciliation statement?

577


state (5) accounting concepts and give 1 example of each

1502


What is the difference between trial balance and general ledger?

595


what is subscription order

1553


if my salary is 12000 per month how much i will get after deducting PF an ESI

1177


what is cost unit n what is cost sheet?

1721


simply define shares and debentures

1063


Do you know retail banking?

710