Answer / bhargav

CST is applicable where the two states deals.

VAT is applicable within the state.

Excise duty is applicable for inland transactions from
manufacturing to finished goods.

custom duty is applicable to relieve the goods from border.

Answer / vijay kumar

Understanding Excise Duty, Sales Tax, VAT, and Customs Duty StructureIndia's excise duties, sales taxes, VAT, and customs duties are all similar in the way that they are set up and calculated. All are tied closely to the location where business is conducted and have a tax determination structure that is influenced by common factors.

Excise duty, sales tax, VAT, and customs duty calculation methods are similar in that they can be calculated based on percentage, quantity, or ad hoc amount, and they require the calculation of multiple taxes and tax lines for each tax type. The excise duty, sales tax, VAT, and customs duty structure is designed to be flexible enough to accommodate changes that may impact rate determination resulting from changes to excise, sales, customs, and VAT statutes and legislation.

Various business rules exist for determining the basis on which taxes are calculated. Accordingly, you can define the elements that form the basis on which tax is calculated, and define the tax calculation scheme. You define how accounting entries are created for excise duties, sales taxes, VAT, and customs duty, as well as how inventory values are updated with nonrecoverable taxes.

Answer / sunena

Cst Is helpful in C form

but Vat is not

Answer / dhiraj singh

CST or Central Sales Tax is charged when there is Sale or
Purchase transaction between two or more states. Its also
known Inter State Sales.
VAT or Value Added Tax is charged when there is Sale or
Purchased transaction held with in a state. Its also known
Intra State Sales.
Excise Duty is charged in Import and Export.

What is the difference between Sales Tax and VAT?

2 Answers  

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What are the capital gains exempt from Tax?

2 Answers  

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I am running a small business under labour charges. I purchase raw material paying tax. I do not have a tin no. In that case kindly advise How to file IT returns of my company and whether I can claim tax refund.

1 Answers  

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Can we deduct tds on mobile or landline bill payment

2 Answers  

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Dear Sir, Regarding for WCT, IF FORM DVAT-43 MADE FOR DELHI STATE.So Is there any Form availabe for Haryana State. Would request you to please let know Answer in Yes or No or which form is available for HR State If do you have any kind of list for same please have suggested me.

0 Answers   IBM,

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What are the new threshold limits put in the parliment under New tax code recently for Men, Women and Senior Citizens

1 Answers  

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i am work partnership firm in Uttrakhand. one of our branch established in haryana.and our branch give raw material to another parti in haryana.and same parti supply semifinished component to our branch(uttrakhand). mentain excise duty & c.s.t in bill.and we enter these bill in purchase A/c.instead of job work expenses. so question is that can we able to deduct T.D.S ON these bill.pls explain me in which section we deduct t.d.s. if not, why.

1 Answers  

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How to reimburse TDS(Tax Deducted at Source)? I am getting monthly stipend of RS11,500. But still my employer deducting 1300 pm as TDS. They said they will issue form 16A to reimbruss. Please tell me the procedure to get my money back.

3 Answers   Infosys,

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how to bifurcate service tax & swachh bharat tax from total tax amount. i.e. If Tax Amount is Rs.28.50/- then Service Tax = ? & Swachh Bharat Tax = ?

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what is mean by differed tax?

3 Answers  

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Can you please provide me the present VAT precentages in Andhra pradesh and other states CST persentages with good's wise.

0 Answers   ABC,

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I MR A REGISTER DEALER IN MUMBAI [MAHARASHTRA], I WANT TO PURCHASE GOODS FROM BANGLORE AND DIRECTRY SALE TO HYDRABAND. IN THIS CASE WHO TO MAKE / PREPARE MY SALES BILL IN MUMBAI AND WHICH SALES TAX FORM I WHAT TO ISSUED.

0 Answers  

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