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what is the diffrence between tds and vat?
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Answer Posted / ashish burnwal
TDS ARE DEDUCTED AT SOURCE BY THE PARTY WHO PAYS THE AMOUNT TO ANOTHER Party i.e.contractors , employee etc.TDS is DIRECT TAX which is collected by CENTRAL GOVT.VAT is-charged by the buyers at the time of sell . TAX is charged only on value addition. VAT is INDIRECT TAX which is collected by State Government.
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