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what is the different between CST , VAT, and Excise Duty ?
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Answer Posted / avadhut
CST is a central sales tax which is applicable in all over
india at same concept. At the time of interstate sale CST
is applicable. the rate of cst is 2 % aganist the form 'C'.
vAT is a value added tax which is applicable on value
addition of profit of seller or dealer. Vat is applicable
statewise.
Excise Duty is a duty on manufacturing of goods. excise
duty charge on basic value of goods at the time of removal
of goods from the factory as a finished goods. it is not
added at every stage.
| Is This Answer Correct ? | 79 Yes | 8 No |
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