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what is difference among VAT, CST and sale tax
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Answer Posted / amit goyal
VAT- Vat is a local tax in a state.That percentage is 4,5
and 12.50 %.In local tax we issue D-1 form aganist 4% sale
or purchase.otherwise 5 or 12.50 %tax will be charge.
CST - Central sale tax is a sale of outside local city.It
means sale on central area.the tax is on C form 2 %
otherwise 4 and 12.50 %,It depends on item.
sale tax- We are saling the product than we can charge tax
that is sale tax.sale can be central and local.
| Is This Answer Correct ? | 16 Yes | 1 No |
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