What is diff between Sales Tax
Answers were Sorted based on User's Feedback
Answer / ganesh
Sales tax is retail only. Value-Added tax is a tax at every
step of the inventory process, like you are taxed at every
step from manufacturer to distributor to warehouser to
retailer to customer.
| Is This Answer Correct ? | 22 Yes | 7 No |
Answer / deepak garg
Sales Tax is a Tax which is paid on Sales as one stage only
but in VAT (Value Added Tax) mean the tax will be collected
on every sales of the goods. like - first by manufacturer,
then from wholesaler and then retailer.
but the maximum and total tax will be paid on goods = retail
price X Tax Rate
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / b.s.v.s.c.shekar
Sales tax is a tax collected depend upon by its(M.R.P) but while in vat tax no relation with (M.R.P) fixed tax rate will be collected on whole purchasing and selling items but vat tax has collected by state govt and sales tax will be collected by central govt
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / shatrudhan sinhg
Sale tax means Sales to Consumer but VAT is Every sales and Purchase Value addition Tax....
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sandip
sales tax is tax for inter state transactions.
Wheather vat use for sale or purchase within perticular
state.
| Is This Answer Correct ? | 0 Yes | 3 No |
sales tax is taxed at every point of selling or buying
goods. but int vat (value added tax) is taxed at only one point.
sales tax is collected to central govt. but vat is collected
state government.
| Is This Answer Correct ? | 6 Yes | 14 No |
what is the SAT?
If we are placing the order in amazon on behalf of the customer who is ordered from other e-commerce sites and the goods is directly billed to the customer address from the amazon sellers and for the same we are receiving some profit at that in our books of account what entries need to be passed...?? do i eligible to get the ITC on the GST amount paid..??
Is it necessary to file NIL TDS return?
I have raised and rendered services in Nepal and received the TDS Certificate in Nepal Currency Can i cliam this TDS in India ? or Nepal /
A individual advocate recievs legal fees. is he liable to pay service tax @ 12.36% on it?
can a company/firm give more than 20000 rs in cash in a day to his employee as an advance for day to day exp ( not for purchase a capital asset )
if i paid interest on tds for ex:- tds deducted on rent for the month of april, may, june rs. 20000 each for month and tds paid on 7th july then i have to pay interest @ 1.5% for rs. 1200 , 900 , 600 respectively , so i wanted to know what is the entry for rising of this interest in accounting software other than tally
What are the Karnataka's VAT Rates ?
I have purchase one air ticket from a travel agency. They allow 3000 rupees ticket to me for the total ticket purchase.But they debited staturoty TDS to me. I ask them for the legibility of this, they replaied they had received commission from airlines and airlines catch TDS from them and naturally it comes down to sustomers also. But my doubt is Airlines are allowed commission to Travel Agency and Travel Agency are not shared commission-they allowed discount. So is this TDS is applied for me or not?
what is the tax of business income ?
A SUPPLIER FROM GUJARAT IS ASKING 15% CST AGAINST SUPPLYING OF LIFT IN PUNE (MAHARASHTRA) IS IT APPLICABLE OR NOT?
2 Answers Nitin Art Infrastructure,
is all type of tds is refundable or not please explain?