What is the Difference Between Sales Tax and VAT ?
- 8 Answers
- 10165 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / vijay panday
sale taxes are two type one central sale tax and an other
local sale tax.but vat is modified version of local sale
tax which is under state Govt.
| Is This Answer Correct ? | 9 Yes | 0 No |
VAT IS MODIFIED VERSION OF SALE TAX UNDER STATE GOVT
| Is This Answer Correct ? | 10 Yes | 3 No |
Answer / bibudha kumar barik
hi
sales tax means it may be cst and vat but vat means it is
only local sales tax which is under state govt.
| Is This Answer Correct ? | 7 Yes | 3 No |
Answer / snehal
sales tax is collect on direct sale while vat is value
addition on net price. sales tax is tax including in
price,other than vat is addition of net price.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / meenakshi
Sales Tax is the percentage of revenue imposed on the retail
of sales of goods Whereas VAT is a form of indirect tax that
is imposed at different stages of production of goods and
services.
Unlike VAT, Sales tax is levied on the total value of goods
and services purchased.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / n manjunath reddy
VAT is value adding from manufacturer to
wholesaler to retailer to the partcular product up
to the alimate consumer he every process VAT
need to be collect but sales tax only once
payable
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / raj
sales tax was the central govt tax but vat comes under
state govt
| Is This Answer Correct ? | 12 Yes | 12 No |
Answer / amit kumar verma
Sales Tax is the percentage of revenue imposed on the retail
of sales of goods Whereas VAT is a form of indirect tax that
is imposed at different stages of production of goods and
services.
| Is This Answer Correct ? | 0 Yes | 0 No |
if a company purchased measurement tape for office use .. it comes under which expense head
all ques. related to accounts?
Recall a time when you faced a dissatisfied and aggressive customer. How did you handle it?
What is NEFT? and its Limit(if any)
My boss said to me "Calculate Tds for the month of may 2018 from bank statement". my Boss business is Proprietorship of Construction and designing work. How I can calculate Tds liability.
EXPLAIN EACH SECTION PROVISIONS ON TDS?
if the chq is dishonored which entry will be passed???????? give example entry
WHERE WE CAN USE VAT 5%,14.5%
0 Answers Airier, Automobile, Chartered Accountant, Puzzolana,
How to Calculate Salary..? What is % will be taken for Basic Salary,DA,ALLowance,ESIC,PF,PT...Plse Clarify both side Employer & Employee..
which date is effected in books related bank reconciliation transaction date or value date?
what is the golden rules of accounting
what is cost center option in tally what purpose it is used?
Audit 
