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what is the difference between CST, VAT, SALES TAX, EXCISE
DUTY, CUSTOMS DUTY
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Answer Posted / sanjeev kumar singh
CST - Tax paid for produce, and to be sold out-side the state.
VAT - Tax payable for produce and sold within the state.
SALES - It is generally replaced by the word VAT (Value
Added Tax).
EXCISE - Tax paid by the manufacturer on produce of a product.
CUSTOMS - Tax paid by the 'Purchaser' (An Individual,
Company or else) for 'Import of Goods'.
| Is This Answer Correct ? | 22 Yes | 7 No |
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