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what is vat,meaning,procedure,heads,rates,all form of
vat,when vat is filled,full information about vat?
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Answer Posted / vijay kumar
vat is a indirect tax that is payable state govt.vat is a
meaning value add tax. two type of tax 1.local sales tax 2.
central sales tax.diffrent type of vat form.
1.form c use registed dealer this form use in case of cst
one state to another state 2. form D1 use local registed
dealer. form H use stock transfer one branch to
anotherbranch.
vat rate 1% is use for selling gold silver diamaod etc.
vat rate 4% is use for selling medicine rice pulse etc.
vat rate 12.5 is use for cosmatics products.
central sales tax 2% is use for registed dealer.against
form C
central sales tax
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