what is the different between CST , VAT, and Excise Duty ?
Answer Posted / dhiraj singh
CST or Central Sales Tax is charged when there is Sale or
Purchase transaction between two or more states. Its also
known Inter State Sales.
VAT or Value Added Tax is charged when there is Sale or
Purchased transaction held with in a state. Its also known
Intra State Sales.
Excise Duty is charged in Import and Export.
| Is This Answer Correct ? | 35 Yes | 61 No |
Post New Answer View All Answers
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.
type of sale and purchase tax?
what is the circle of tds and its rate chart
How to show reject material in ER1
AS PER VAT AUDIT WE HAVE REFUND OF RS.25000/- ON PURCHASE OF FIXED ASSETS WHICH WE DID NOT CLAIM LAST YEAR, NOW WHAT ENTRY SHOULD WE PASS IN BOOK. ITS URGENT
My client has not filled income tax return for ay-2013-14
HOW THE INTEREST WILL BE CALCULATED IF WE MAKE INCOME TAX RETURNS LATE AND WHAT IS MEANT BY YEAR END?
How to Prepare Balance Sheet for Annual Tax Assessment. Do You Have any Format, Please send on (Pankajica15@gmail.com)
what is cenvat credit? plz tell service tax interest rate and watz it procedure...
'A' is running a manufacturing set up. 'B' sends raw material (after paying CST) to 'A' for manufacutre of his specified product and 'A' keeps 'B's stock in his godown. Can 'A' buy this material from 'B' by raising a CREDIT MEMO and in the books regularises by passing Journal Entry Dr.Raw material inventory and Cr. 'B's Account.
what are the slab rate for F Y 2010-11
how we calculate the tds on salary.
wct amount deducted by main company .that amount will be returned Subcontractor?If yes,how process is given me.
what is fbt@ ,sd @
what is the difference b/w deferred tax exp and defeered tax liab? should Deffered Tax expense be deducted b4 computing Net profit?