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what is vat?
what is excise?
what is form c & d in sales tax?
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Answer Posted / mukund
vat is value added tax.. however the simple defination is
to purchase goods with saving of tax i.e. if vat applicable
4% then 2% cst against "c"form.. & the same if vat
applicable 12.5% then only the same rate @ 2% cst against
form "c". (saving of tax)
but the same should happned only within two different
state..within the state is not applicable.
| Is This Answer Correct ? | 10 Yes | 16 No |
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