Is VAT include in Sales Tax, What is CENVAT .
Answer / vijay gaikwad
Yes, if the goods are sold within states.
CENVAT (Central Value Added Tax) has its origin in the
system of VAT (Value Added Tax) which is prevalent in over
100 countries in the world. The concept of VAT was
developed to avoid the cascading effect of taxes. It was
found to be a very good and transparent tax collection
system, which reduces tax evasion, ensures better tax
compliance and increases tax revenue.
MODVAT (Modified Value Added Tax) was introduced in India
in 1986(re-named as CENVAT w.e.f. 1.4.2000).
Is This Answer Correct ? | 2 Yes | 1 No |
what are our products and services offered? tell me your plans and strategy as a marketing officer?
Q. 4 Give a relationship between concept, Hypothesis and Theory. What are the Salient features and classifications?
Explain your closing technique.
What are the potential shortcomings of marketing analysis? How do you overcome them?
Which steps do you take to overcome a prospect's sales resistance?
why do you want to quit financial sector & want to join pharma or fmcg sector?
what the reason to switch frm insurance industry to IT industry.
why you vahe taken Marketing with Finance specialization?
5 Answers Hindustan Unilever Limited, Karvy,
microsilica supplier
what is your achievement in your life
Tell me about a time when you had to use your presentation skills to influence someone's openion
How do you a plan your typical day at work?
1 Answers Call Centre, Smart, Ubix,