what is the different between CST , VAT, and Excise Duty ?
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Answer Posted / ankit jain
CST is a Central tax levied under CST Act, 1956 where in
when there is a sale of goods between dealers of 2
different states, seller has o colect tax from the buyer at
prescribed rate. If the dealer isa registered dealer, then
assessee can sell at discounted rate of 2% if forms are
used as prescribed in CST Act, 1956
VAT is new term for sales tax. Now the dealer has to levy
tax at every stage of sale in intra-state sale unless goods
are exempted from tax.
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