Interview Questions Answers in Taxation

gopaal

{ City } hyderabad
< Country > india
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Question { L&T, 77288 }

what is the different between CST , VAT, and Excise Duty ?

Answer

CST is a sale from one state to another state against form
C. the rate of tax is 2%

Is This Answer Correct ?

23 Yes

3 No

Question { L&T, 77288 }

what is the different between CST , VAT, and Excise Duty ?

Answer

CST is a sale from one state to another state against form
C. the rate of tax is 2%.
full CST sale is a sale where there is no requirement of the
form C and the tax will be full tax of vat of the selling state.

VAT is a sale within the state. the rate of tax depends upon
the products and the state policies (in some cases)

EXCISE DUTY is a duty paid on all the products manufactured
(except some products exempted from the duty) at the
manufacturing level only. the tax depends on the products.

Is This Answer Correct ?

15 Yes

3 No