Interested to Buy Any Domain ? << Click Here >> for more details...
Brief me about sales tax,VAT,MVAT,excise duty,custom
duty,octroi & what is the difference between tax and duty.
- 1 Answers
- 16105 Views
- DRJ ARDE, I also Faced
- E-Mail Answers
Answer Posted / atul nema
HI
1.SALES TAX has been abolished from every state.
2.VAT is mulitipoint tax n shall ne payable on value
addition on goods before it reaches to the ultimate
consumer.
3.MVAT is the Maharasta Value Added Tax levied by the
Maharastra Government in sale of goods in Intra Sale
Transactions.
4.CUSTOM DUTY when any foreign goods/ articles enters into
India Incoeporation, It will levy tax called Custom Duty.
5.Octrai is a also the tax levied by state Govt.
DIFFERENCE BETWEEN TAX N DUTY.
Duty is payable before making sales.
Tax is leveid on the sales amount means tax is the post
sales excercise.
| Is This Answer Correct ? | 27 Yes | 6 No |
Post New Answer View All Answers
The company i approached asked me that they are registered Manufacturer to market fire extinguishers. They have both VAT & CST registration. When they supply material out of state i.e. under "C" form, to a Dealer who is also registered with CST and who can issue "C" form but for product paint. Will the "C" form issued by the Dealer be acceptable to us. What law governs, since the dealer is not registered to trade in Fire Extinguishers? In the first instance will he be able to issue "C" form at all i.e. Will the government allow him to issue "C" Form, if so under what norms? In the case that my company is the Dealer and registered for trading in Paint and we are taking Fire Extinguisher Dealership will I get set-off in "C" form for purchase and Sale. Kindly let me know on russel.raphael@gmail.com
WHEN FORM VAT R-2 USE?
we charge service tax in our Invoice.we pay it in time. At the end of the year other party gives his deduction as certificate. what to do with it ? how to submit again to tax authorities?
how to calculate tax for the income earners
is there in india the rate of work contract are same in all states if now what are the statewise rate
CASH SALE OF Rs. 10000/- WITH TAX. THEN WHAT SHOULD BE THE ENTRY BEHIND THIS IN BOTH SIDE SALES AND TAXATION.
Hai iam a VAT Registered dealer am a manufacturer and am going to sell my products to unregistered dealers i can pay d 4% vat.. how can i make my bill format for this sgrc.gy@gmail.com. anybdy kno means pls mail me.
what is the percentage of vat like 4 % , 12.5 % etc ? how can do closing stock valuation ?
What's format of CMO & CMA Data?
Pl give the abstract details of Karnataka VAT Payment procedure, rebating, returns filing in connection of manufacture, distributer & retailer.
which form no's wiil be used for filing IT,ADVANCE TAX, TDS,VAT,CST,ST,PT,EXICE DUTY,ESI,PF?What is the Due Dates? very urgent
what is WCT rate in chhattisgarh
What is the current vat amount of aluminium goods like dishes, buckets etc hsn code is 7615-19
how to creat e-vat return in tally
How to file the CST return and which form is use.
