what is the difference between excise duty and sales tax

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what is the difference between excise duty and sales tax..

Answer / nandhini sharath

excise duty is the duty levied on the goods that are
manufactured and produred, according to excise duty act 1944
whereas sales tax is the tax levied on the goods and
commodities that are sold for the end user consumption.

Is This Answer Correct ?    99 Yes 9 No

what is the difference between excise duty and sales tax..

Answer / sameer

Cetral Tax on Production is Excise. State Tax on Sales Price
is Sales Tax.

Is This Answer Correct ?    16 Yes 5 No

what is the difference between excise duty and sales tax..

Answer / chitti pantulu a

Sales Tax is charged every time a commodity is subject
matter of sale within state, between dealers or to
consumers.

Excise Duty is only levied on Finished Product.

If any Finished product becomes Raw Material or component
for another product, excise duty may be levied more than
once but there is provision for CENVAT credit in many cases

Is This Answer Correct ?    10 Yes 2 No

what is the difference between excise duty and sales tax..

Answer / joseph majinge

Excise tax is based on quantity whereas sales tax is based
on value of goods and services being provided. In Tanzania
excise tax is levied on some items only such as luxury
goods and services which has externalities but sales tax is
levied on almost all goods

Is This Answer Correct ?    15 Yes 9 No

what is the difference between excise duty and sales tax..

Answer / venkata ramana

excise duty is on the manufacture of goods whreas sales tax
is on sale of goods. own consumtion of goods attracts
excise duty whereas Value added tax is not attracted

Is This Answer Correct ?    25 Yes 20 No

what is the difference between excise duty and sales tax..

Answer / bodhi

Excise duty is received by central government of India. But
sales tax is received by state government.

Is This Answer Correct ?    7 Yes 3 No

what is the difference between excise duty and sales tax..

Answer / vivek khantwal

sales tax:-The tax levied on the selling of the goods by any
company in the country and apart from that this tax is
recieved by govt from company after selling the product
across the border from one state to another

excise duty:-This is the kind of production tax this tax is
levied on the production and manufacturing of the good
whatever we are producing in the country this duty is
differnt from custom duty though both are indirect tax>

Is This Answer Correct ?    12 Yes 9 No

what is the difference between excise duty and sales tax..

Answer / utham

Excise duty and sales tax are two different taxes. Taxes are financial levies imposed by a government upon its citizens that are compulsory and not voluntary. Through these taxes a government is able to function, makes its budget and performs its duties for the welfare of the population. There are many types of taxes such as wealth tax, income tax, sale tax, excise tax, custom duty, and toll tax and so on. Coffers of a government are filled with the help of these taxes paid by the citizens. Excise duty and sales tax are two taxes that are very prominent and form a bulk of the total collection under taxes. People are often confused and cannot understand the purpose of the two on the same product or item. This article will differentiate between the two taxes, Excise duty and sales tax, to remove any confusion.

Is This Answer Correct ?    2 Yes 1 No

what is the difference between excise duty and sales tax..

Answer / naeem ahmed

excise duty is impose on the import and export of goods
and the sales tax is levied on the sale of good either sale
within or outside the country.

Is This Answer Correct ?    12 Yes 39 No

what is the difference between excise duty and sales tax..

Answer / ramu

excise duty means as i think to do exercise during duty period.
Sales tax means as i think taxi's on sale.
I dont know i may be wrong but you laugh for some time.

Is This Answer Correct ?    19 Yes 56 No

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