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1. How many types of vat?
2. What is the sales tax purpose?

Answer Posted / megha nigam

Vat basicaly is two type
1-Input Vat (Charge on Purchase)
2-Output Vat(Charge on Sale)
Sale Tax
When our Turnover Above of 900000 then it's mendetory
registration of S.T.R.
When our Turnover(Gross) above of 1000000 It's compelsoury
payment of S.T.
S.T is charge Receipt basis.

Is This Answer Correct ?    68 Yes 23 No



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