What is the difference between Sales Tax and VAT?

Answers were Sorted based on User's Feedback



What is the difference between Sales Tax and VAT?..

Answer / jaydeep banerjee

Sales tax, as compared to VAT is the percentage of revenue
imposed on the retail sale of goods. Unlike VAT, sales tax
is levied on the total value of goods and services
purchased.

Is This Answer Correct ?    6 Yes 2 No

What is the difference between Sales Tax and VAT?..

Answer / somayya swami

SALES TAX IS A SINGLE POINT TAX BUT VAT IS MULTI POINT VAT
TAX. VAT IS COLLECTED MULTIPOINT

Is This Answer Correct ?    3 Yes 0 No

Post New Answer

More Taxation Interview Questions

if we are purchase in 4% vat tax than can we deduct tds

12 Answers   Komal Texfab,


How to calculate rental exemption if HRA is not given seperately and what will be the maximum allowability and under which Section of Income tax

0 Answers  


what is the rate of vat?tell me the detail of items which are mentioned in Vat Chart.

3 Answers  


we have recd. 2 c form agn. 1 qtr so can we issue 2 e-1 form

1 Answers   ABC,


WHAT IS CST & WHAT IT'S RATE ?

8 Answers   Bombay Rayon Fashions,






Net Worth is: 1)total Assets less outside laibilities 2)Total liabilities plus owners equity fund 3)Current Assets less current liabilities 4)Total accumalted profit less liabilities

1 Answers  


What is VAT stands for? what kind of VAT it is?

6 Answers   OPI Global,


IF ANY PROPRITER SAID THAT DON'T DEDUCT TDS OF HIM BECAUSE IT IS NOT PARTNERSHIP FIRM THEN WHAT SHOULD COMPANY DOES?

0 Answers   Deloitte,


What will be general entry for VAT or Sales Tax paid to government in cash for an Financial year?

1 Answers  


Hello Durgaprasad Sir, iam received a farmat of credit availed and utilized from Excise and Service tax department, but i have no idia for filling this farmat. can you tell me detail about this or tell me where it available in internet.

1 Answers  


What is TDS and what are the various rates of TDS?

2 Answers   IBM,


what is CST for what we are using it

13 Answers  


Categories