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1. How many types of vat?
2. What is the sales tax purpose?

Answer Posted / santhosh

Input VAT and Output VAT are two types
Input VAT is on purchases within the states
output VAT is on Sales to register dealor

VAT Rate is differ in both the cases
and which is based on product
u can read 6 VAT schedules in the Net and came to knw what is the vat rate on different goods

Audit is mandatory if turnover crossed 1 crore

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