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what are CST,VAT ,TDS, Service tax .how they are applicable?
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Answer Posted / subash kumar singh
Sir CST means Central Sale Tax. When we made sale outside
of state then CST applicable. If we sale against C form
then CST will be Charged by 2% other wise Local sale rate
will be applicable for that particular item.
If we talk about Vat that means Value added tax its multy
pointed tax is applicable on local purchase & sale(withnin
state) suppose we made purchase from A ltd. for Rs.100 rs.
and paid 5 Rs. tax that means that 5 rs. our input vat
whenever we made sale of that product for Rs. 120 then
we'll recive 6 rs. tax that is called output tax.
TDS means tax deducted at source, suppose we deposited
money in bank after maturity we'll get interest from bank
at that time bank make payment to us after deducting tax.
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