1. How many types of vat?
2. What is the sales tax purpose?
Answers were Sorted based on User's Feedback
Answer / trupti
THERE ARE 5 TYPES OF VAT
1)1% - GOLD & PRECAUSIOUS STONE
2)4% - FINISH GOODS
3)12.5% - ELECTRONIC GOODS
4)20% - LIQUOR
5)UP TO 36% - PETROL, DIESEL
| Is This Answer Correct ? | 183 Yes | 77 No |
Vat basicaly is two type
1-Input Vat (Charge on Purchase)
2-Output Vat(Charge on Sale)
Sale Tax
When our Turnover Above of 900000 then it's mendetory
registration of S.T.R.
When our Turnover(Gross) above of 1000000 It's compelsoury
payment of S.T.
S.T is charge Receipt basis.
| Is This Answer Correct ? | 68 Yes | 23 No |
There is no different types of vat. only different types
vat rates are there on different types goods.sale tax is
two types vat and cst. When you sale the goods within state
you paid vat and sale the goods outside state then paid cst
to the concerned authorities.
| Is This Answer Correct ? | 48 Yes | 20 No |
Answer / kanchan pardhi
There are 2 types vat (1)input vat & (2)output vat
1-input vat (charge on purchase)
2-output vat(charge on sales)
different types
vat rates are there on different types goods.sale tax is
two types vat and cst. When you sale the goods within state
you paid vat and sale the goods outside state then paid cst
to the concerned authorities.
| Is This Answer Correct ? | 31 Yes | 5 No |
Answer / rohit kapoor
i want to knowledge of payroll and t.d.s & income tax pls
sent your answer on my e-mail side in easy languges.
| Is This Answer Correct ? | 46 Yes | 21 No |
1.two type
A.Input Vat
this type of tax use is Registered Dealer.
B.Output Vat
this type of tax use is good sold on customer.
| Is This Answer Correct ? | 20 Yes | 4 No |
Answer / manzur
1. 2 Types of vat . Input Vat and Output vat
2. When you sale the goods within state
you paid vat and sale the goods outside state then paid cst
to the concerned authorities.
| Is This Answer Correct ? | 13 Yes | 0 No |
What is the Procedure of Import & Export
dear Sir, we have purchased Small & Big size blade for manufacturing extrusion machine rubber cutting . This input vat claim it or not ? Pls informe me Regards
i am a hosewife having a property,given on rent to a company which gives a rent of @10600 per month. the total come 126000. the company wants to deduct tds. as my income is less than 160000.i want to know the type of form required to produce to the company to avoid deduction of TDS.
If Sales Made Against form c with Rate2%, after then we are unable to collect the form c from party, party is ready to pay debitnote to us, we also agree for this, what procedure to follow, how to pay to Vat Department and which form to be submitted.
WHAT IS TAXATION?
which contractors does not deducted tds ?
1000 unit one into process at cost 100000. loss at 10% of input is considered normal, which is realisable at rs 1/unit.the actual prodution is 920 unit , find the abnormal gain?
If I have bought goods from a seller in India and finally exported it to some other country, my understanding says I have to issue form H to seller to get cst exemption. My question is wether Bill of lading is must to be given to seller or not bcos if I give bill of lading to the seller from whom i haave bought material confidential information will go to seller as bill of lading will have buyers details...pls guide how to overcome this issue.
Taxable and Exempted goods sale to pondicherry via bill no.1 and bill no.2 I received the C form for taxable bill no.1. But, C Form not received for Exempted bill no.2. It is required or not?
Can u provided all the dues date and depositing date which are used in general manner or Income tax..
Hello Sir, If A is purchased Excise Duty paid goods i.e. H.R.Sheet. He want to sell the same as vat bill without excise. It can be possible.
i want to learn income tax work please tell me about all dedutions exempations and income detail...how to calculate tax on net income