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

Answer Posted / dipti panigrahi

VAT stands Value Added Tax. VAT is a indirect tax which is
same as Sales Tax which is given or charged at the time of
selling of a good by the buyer.

Is This Answer Correct ?    16 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Please guide in Taxation. I want to know the CHALLAN NO, FREQUENCY OF TAX DEPOSIT,FILING FORM NO, FREQUENCY OF FILING OF ALL TYPES OF TAX(DIRECT & INDIRECT)

2026


We are Interior Decorators in Chennai,Tamilnadu. I would like to know the vat applicable for us 14.5% or 5%. We supply the material and do the works at the sites itself.

2179


Under the provisions of the BST Act, no registered dealer is allowed to collect any amount by way of tax in excess of the amount of tax payable by him. Excess tax collected is to be forfeited to Government. However i want to know whether tax payable amount is the amount before the set off claimed or the tax payable amount after availing the set off.

1455


What are the Treatment & Implications in interstate sales transactions if party is unregistered dealer & having Exemption Certificate or exempted.

1644


what is WCT rate in chhattisgarh

2927






A individual advocate recievs legal fees. is he liable to pay service tax @ 12.36% on it?

1544


I AM A/C'S MANAGER IN CONSTRUCTION CO.WE TAKE TRANSIT MIXTURE ON RENT BASE FROM OUTSIDER.THE SUPPLIER CHARGE VAT ON THAT MACHINERY @ 15%,IS IT TRUE? IF YES PL.SAY ME WHICH SECTION APPLY UNDER THIS LAW OR NOTIFICATION OR CIRCULER FROM COMMERCIAL TAX DEPATMENT.

2129


I want PTR Number and I am working professionaly related documents i have but officer asked me to bring any business commencement proof. here,I have no business? so what proof i will give to him.

6815


How much is the VAT in UAE

933


which date Entry Tax has been started by Himachal Govt. and Please let us know the which act under Entry tax comes

1409


What is supporting documents enclosed & must be required to Submit of quarterly & Yearly Sale Tax Return (Haryana)

1504


witch taxes are calculate in CENVAT for Gold ornaments ?

1191


what is city commodity tax

1585


when charges PURCHASE @ 12 % TAX RATE ?

1450


Any one can mail soft copy of Balance sheet,Trading and profit and loss alc.of a small firm or small co for study

1831