Answer / vishal shukla

There are two type of VAT
1-Input Vat
2-Output Vat

Answer / riyaz ahmed

There are two types of VAT:

Output VAT
Input VAT

OUTPUT VAT is charged by a business and is paid by its customers. (in this case it is, VAT on its output supplies).

INPUT VAT is paid by a business to another businesses on the supplies that it receives (in this case it is, VAT on its input supplies).

Answer / bikram mandal

three type of vat ?
1% for any ornament.
4% for Electronic goods and
12.5% for luxury goods

Answer / surabhi gupta

there are five categories of Vat-
a) 1%
b) 4%
C) 12.5%
d) 0%
e) Exempted

Answer / harmeet kour

there are four types of VALUE ADDED TAXES
1.ZERO %
2.1%
3.4%
4.12.5

Answer / shabeer

que 1: 4 type of vat

que 2:A sales tax is a special fee charged on products and
services by retailers and service providers on any monies
collected from sales.

Answer / mayuri patil

actually in vat there are no types of vat. The difference
is in between methods of varient and rates of vat

A)methods of varient
1.Gross product Variant
2.Income Variant
3.Consumption Variant

B)rates of vat
1)1% - GOLD & PRECAUSIOUS STONE
2)4% - FINISH GOODS
3)12.5% - ELECTRONIC GOODS
4)20% - LIQUOR
5)UP TO 36% - PETROL, DIESEL


The purpose of sales tax
tax wich is the name used by people/govt is sales
tax. after some modications and new methods we, in todays
world called vat. in sales tax system tax is charged
more...i.e. tax on tax
sales tax purpose from governments point of view
sales tax is a reveneu income of state govt. because of
sales tax govt can achive a control on peopl. the tax
evasion comes down. tax collected more by govt.
sales tax from assessees point of view --
assessee can enjoy self assessment. assessee may feel at
some extent relax..etc.
this system is benificial to prompt assessees
and heavily pynishable who makes a frod...

Answer / ravi

THERE ARE THREE TYPES OF VAT
1)CONSUMPTION TYPE OF VAT
2)INCOME TYPE OF VAT
3)GROSS NATIONAL PRODUCT TYPE OF VAT

Answer / kanchan singh

there are two types of vat
1- input vat
2- output vat

Answer / chandra prakash sharma

As we know that two type of vat is overhere we can measurement this, input vat which is charge on purchase and out put vat which is charge on sells

Salary A/c Dr (Gross) 10000.00 Salay payabe A/c Cr 9825.00 ESI Payable A/c Cr 650.00 ESI Employer Cont. Dr. 475.00 or Salary A/c Dr (Gross) 10000.00 Salay payabe A/c Cr 9825.00 ESI Payable A/c Cr 175.00 which is correct entry above entries ?

5 Answers  

Define deferred tax liability?

0 Answers  

Pls.tell me some website name who display practical question & answers of accounting work. like tds, service tax entry and some more. also provide important knowledge of all taxes.

0 Answers   TCS,

HOW TO TREATMENT OF SERVICE TAX ( WHAT INPUT & OUTPUT ADGUSTMENT SAME AS A dvat)

2 Answers   Genpact, NIFT,

we are a manufacturer unit can we purchases of building material agst form "C" or vat C4?

0 Answers   Penam Laboratories,

please explain me in brifly how to file monthly TDS challan for a company? e.g. if i deduct tds from all various bills of contractor in a month so this all total tds amount credit towards tds account?

1 Answers   Overnite Express, Spectrum Engineers,

how to mix calculation VAT & CST in account where charged VAT & CST in bill

3 Answers   Infosys, Reliance,

how to calculate cst? is it adjust with input cst and output cst? give an example.

6 Answers   Suven Life Sciences, Vikas,

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

6 Answers   OPI Global,

Brief me about sales tax,VAT,MVAT,excise duty,custom duty,octroi & what is the difference between tax and duty.

1 Answers   DRJ ARDE,

Hai iam a VAT Registered dealer am a manufacturer and am going to sell my products to unregistered dealers i can pay d 4% vat.. how can i make my bill format for this sgrc.gy@gmail.com. anybdy kno means pls mail me.

0 Answers  

Managing Director personal income tax is company exp ? in which a/c ledger we should debit MD income tax amount ? Property tax is exp. or liabilities ?

3 Answers   ICA,