1. How many types of vat?
2. What is the sales tax purpose?
Answers were Sorted based on User's Feedback
Answer / santhosh
Input VAT and Output VAT are two types
Input VAT is on purchases within the states
output VAT is on Sales to register dealor
VAT Rate is differ in both the cases
and which is based on product
u can read 6 VAT schedules in the Net and came to knw what is the vat rate on different goods
Audit is mandatory if turnover crossed 1 crore
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Answer / nagendra
i am nagendra searching job please tell me vat cst interview question examples
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Answer / vinod kumar
The India Is a four type of VAT :-
1:-1%
2:-4%
3:-4.5%
4:-12.50%
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Answer / abhishek kumar
V A T - The value aded tex is indirect tex replaced in ples of sales tex it is yusd to didoct by salect government
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Answer / mala e
There are five type vat there are:
1.vat at 0%
2.vat at 1%
3.vat at 5%
4.vat at 13.5%
5.vat at 20%
| Is This Answer Correct ? | 5 Yes | 7 No |
Answer / kiran
VAT IS TWO TYPE INPUT & OUTPUT BUT IN INDUSTRY VAT IS 3 TYPE
AGINST D1 4 % aND 12.5% OR WITHOUT D15% VAT
| Is This Answer Correct ? | 2 Yes | 6 No |
Answer / jaydeep rawat
1. 1% - FOR GOLD, DIAMOND
2. 4.5% - FOR RAW MATERIAL, STATIONERY, MEDICINE ETC.
3. 13.5% - FOR ELECTRONICS ITEMS, LUXURY GOODS ETC.
4. 20% - LIQUOR
5. 22% - DIESEL
6. 24% - PETROL
| Is This Answer Correct ? | 0 Yes | 5 No |
when we buy an assets a vat has been charged, under which head we show this entry according Haryana sales tax act?
What is deffered tax liability?
Provision for Service tax, Income tax and Sales tax
vat amount payable in financial year 2010-2011 Rs. 25000.00 but we paid Rs. 35000.00. This exces payment will be carried in next financial year?
Rs.100000/- include service tax 10.30% How will be calculate. What is Basic, 10%, 2%, 1%.
i want for essuing c form .what is the formalties for this according cst department
What is excise & service tax? What is the difference?
WHAT IS CORPORATE TAX ?
can we clarify any questions/doubts raised by other persons
can we have benefit of CST in VAT (Haryana). explain?
IF WE PURCHASE MATERIAL FROM OUTSIDE STATE FOR RS 100000 (INCLUDING CST) AGAINST C FORM. AND AFTER ONE MONTH WE ISSUED DEBIT NOTE FOR RS. 30,000 /- TO A SELLER. NOW WHAT AMOUNT WE FILL IN THE C FORM AT THE TIME OF ISSUE, 1,00,000 /- OR 70,000 /-
please tell me procedure how to calculate vat if we got vat credit?