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what is vat?
what is excise?
what is form c & d in sales tax?
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Answer Posted / kulbhushan sharma
VAT:- Vat is a value added tax which first time used in
Brazil.In Delhi Vat come into force on 1st April 2005.It
charged by a registerd dealer to register dealer on Tax
Invoice & a registerd dealer to unregister dealer on Retail
Invoice.
C-Form:- C FOrm is issed by a register dealer to a register
dealer only for againt central sales tax i.e., CST.
For example: Mr.A Register in Delhi sale to Mr.B Register
in Haryana. If A sale to Mr.B for 2%(form 1st june 2008 to
till now)than Mr.A will recive c form from Mr.B & submit to
his athority in Delhi.
| Is This Answer Correct ? | 237 Yes | 27 No |
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