Answer / ashish mathur

Service Tax is a form of indirect tax imposed only on services provided. From the point of view of a layman, providing services means assistance in any work, taking up of any work on behalf of others, any professional assignment or rendering intangible benefits to others.

VAT (Value Added Tax) is a form of indirect tax imposed only on goods sold within a particular state, which essentially means that the buyer and the seller needs to be in the same state. Only when tangible goods and products are sold, VAT can be imposed.

CST (Central Sales Tax) ) is a form of indirect tax imposed only on goods sold from one state to another state, which particularly takes into account that the buyer and the seller needs to be in two different states.

Answer / samson

VAT is Very Actual Time.

CST is Cheap Selling Time

EXCISE means actually its EXERCISE

CUSTOMS means CUSTOMERS..

thats it...why collapsing

Answer / gopalakrishna rai u

EXCISE DUTY IS A DUTY LEVIED ON PRODUCTION AND MANUFACTURE OF GOODS
IN INDIA.
GOODS WHICH ARE LIABLE FOR EXCISE DUTY MENTIONED IN CENTRAL EXCISE TARIFF ACT-1985

VAT is a sales tax collected by the government (of the state in which the final consumer is located) – which is the government of destination state on consumer expenditure.

Answer / kamal

cst refers by central sales tax which is levied on the sale of the goods with in the state and collected by the State govt.

For Example : If a person from U.P purchase goods from Delhi ,Then Cst is receive by Delhi govt. Only CST rate will decided by Central Govt.

vat refers value added tax which means charge the tax on consumable products and this is the charge by the state govt.

Answer / mohammad javed

State govt charges sales tax on behalf of central govt . But the tax credit of excise custom and vat is allowed in some condition but in any condition tax credit for basic custom duty is not allowed. As per rule 3 (1) of ccr 2004.

which contractors does not deducted tds ?

6 Answers  

WHAT IS THE MAIN OBJECTIVE TO ISSUE THE WAYBILL TO THE SUPPLIER ? WHAT IS THE TAX LIABILITY ARISES ? WHO HAS THE OBLIGATION TO PAY THE TAX ?

0 Answers   Essar,

During the financial year if i had made CST purchase in may 2011 Rs.200000/-, in july 2011 Rs.150000/-, in august 2011 Rs.100000/- so for the above transaction i have to obtain three C forms for each transactions now let me clear that by providing relevent details to the Tax department when they will provide me the c forms for the above transactions?

4 Answers   Accenture, IBM,

Igave a cheque of Rs 25000/- to a Professional. Do I deduct TDS on Rs 25000/, then after three months I further pay the same Professional Rs 40000/-.Have I to pay Tds on 25000 Or Rs 65000/- or only Rs 40000/-,Have I to pay interest on delayed payment for Rs 25000/-?

4 Answers  

we purchased material from other state without waybill, can we get c-form without waybill?

1 Answers  

i working chemical manufactoring company ,i purchase of raw materials for finished good that year was no sales that input is applicable or not , that input carry forward to next financial year it is possible or not

2 Answers  

Please guide me... We are dealing in trading of industrial material. What is the difference between importer, 1st stage dealer, 2nd stage dealer and 3rd stage dealer? Whether all of these above can pass on the excise duty to the end user. Please tell me and thanks in advance.

0 Answers  

in L & T they asked me about service tax question in which situation when we take service from others & we paid billing amount yet we cant take credit service tax but we paid service tax on behalf of others party.

1 Answers   L&T,

how to calculate entry tax interest rate 2011-2012 assessment pending amt. is Rs.32000

0 Answers   ABC, ACC,

Wat are the heads in Taxation?

4 Answers   OPI Global,

what is the vat.explain about the addolarum basis.

2 Answers  

can I avail interest paid and repayment of Loan taken from friends for construction of House property. if so under what section of Income tax Act

1 Answers