Answer / sanjeev

Exice duty is of Central Govment and Sales tax of State
Govmrnt.

Answer / vinay kumar kharbanda

Excise duty is the tax on manufacturing activity controlled
by Central Government.Input excise duty & service tax on
input activities are adjustable with duty payable on
manufactured good whether it is marketable or to further
process required.
Vat is the tax on sale which is imposed by State
Government.Input local vat is adjustable with output vat.

Answer / asghar alam siddiqui

Excise duty is the central government tax an all
manufactured goods @ 8.24 % but sale tax is the state
government tax.ie. cst @ 2 % ,vat @ 4%,4.5%, 12.5 %

Answer / md.nasim

All goods that are produced or manufactured in India shall
be charged a duty of excise called Cenvat at the rates
specified in the Central Excise Tariff.where as Sales tax
is tax where any goods are sold or purchase in the market
in the monatory terms,on which lavied arises is called
sales tax it may be in a state or central.

Answer / subhasish mandal

Exiercie is central Govt. but sale Tax is state Govt.

Answer / uma shankar

Exice duty is of Central Govment and Sales tax of State
Govmrnt. BUT an all
manufactured goods @ 8.24 % Exice duty & cst @ 2 % ,vat @
4%,4.5%, 12.5 % sale tax state govt.

Answer / lalit singh

Excise tax refers to the tax that is levied upon production
of an item and the manufacturer has to pay it when the
finished good goes out of the factory. Thus it is also
called as production tax or manufacture tax.Excise is
different from customs as excise duty is levied on goods
produced inside the country whereas custom duty is charged
on good produced outside the country.

Sales tax is a tax that is levied upon the end consumer of
a product. Normally it is included in the MRP of the
product so the consumer knows that he is paying the tax
when he purchases an item from the market. In some cases,
shopkeepers add it in the last of the invoice to keep it
separate. This amount that a shopkeeper collects from the
consumers is deposited by him to the government. This is a
direct tax that is difficult to evade as a shopkeeper
cannot hide his sales.

Answer / ajit yadav

Excise Duty is of Central Government Tax and Refundable

Sale Tax is State Government and not refundable left Vat.

If any payment made for purchase of computer parts (mother board , ram, monitor)say 1/100 of monthly income (if income is 1000 & expences is rs.10) than whether it is computer expence (revenue expenditure) or computer (capital expenditure). Kindly specify in detail

1 Answers  

What is Cenvat

1 Answers  

Rules for filling Income Tax return for a MNC?

0 Answers  

what is meaning of secondary & higher education cess.

0 Answers  

when we buy an assets a vat has been charged, under which head we show this entry according Haryana sales tax act?

3 Answers  

All Taxation Questions

0 Answers   Airtel,

If any new form open than we are able to deduct TDS on first year

0 Answers  

what is D-1, D-2, Vat-C4,

0 Answers   ABC,

If, we rentout our fixed asset. is this transaction appliocable to service tax

1 Answers  

What is the limitation of loan given from one private company to other proprietors company, if any restirction is there. Please explain and how it affect income tax point of view?

1 Answers   PNG Power,

We are into Press Tool & Die Manufacturers and regisered with ESI. for Expansion of Building we are paying civil contract bills ( incluidng labour as well as material) . Please let me know while making payment we have to deduct ESI because civil contrator is not registered under ESI. My question is contractor issue bill including material . on what amount we have to deduct ESI. Please let me know.

1 Answers  

what rate is entry tax is it same for all states

1 Answers