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

i want to learn income tax work please tell me about all dedutions exempations and income detail...how to calculate tax on net income

0 Answers   ABC,

Hellow this is ravindra wanted to know about excise duty rates pls suggest

0 Answers  

if i have a comany take contract from gvt. & i take contract from that company, & in his bill he show about all tax deduction ike IT, WCT etc, but material is purchase by that company not by us so here i want to know how WCT applicable? on total amount of contract or according to rule like material service & after adding all things??

0 Answers  

what is excise return form ?

3 Answers   Asha Chemicals,

What is Excise & Service Tax ? What's Diffarance Excise & Service Tax ?

11 Answers  

What is Tax Refunds ?

2 Answers  

I have an interview, they are asking direct and indirect taxes and exp. pls tell me any one regarding this which type of questions they will be asking.

3 Answers  

why charges PURCHASE @ 15 % TAX RATE ?

0 Answers   Bell, MNC,

1000 unit one into process at cost 100000. loss at 10% of input is considered normal, which is realisable at rs 1/unit.the actual prodution is 920 unit , find the abnormal gain?

1 Answers  

When Tax paid comes under expenses account instead of duties and taxes(current liabilities) ?

1 Answers  

What are the types of provident funds?

0 Answers  

Hi Kindly provide the current slab for profession tax in karnataka and due date for remittance the profession tax

0 Answers