Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is the Difference Between Sales Tax and VAT ?

Answer Posted / prasant

vat value added taxes and sales tax is central tax
vat collected by state govt, vat is under sales tax

Is This Answer Correct ?    11 Yes 21 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

how much cash transaction to single transport company per day and also per year

1575


Define the term material facts in accounting?

1222


lic (life insurance corporation)how much he or she as to deduct income tax on his gross annual salary. please give with examples

2026


What is the marginal cost formula?

1122


What is the master account?

1013


Define public accounting?

1059


Define offset accounting?

1053


What is journal entry for salary paid less deductions (e.g. fines for breaking a company's property)?

1541


in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.

2024


In which book we can learn in detail of closing stock valuation. And if any site is available kindly help.

1868


Can you please explain the difference between differentiate between consignor and consignee?

1082


What do you mean by balancing of ledger account?

971


Explain miscellaneous expenditures & profit and loss account debit balance

1062


A firm had the following Balances on 1 January 1994: (i) Provision for bad and doubtful debts Rs 2,500 (ii) Provision for discounts on debtors Rs 1,200 (iii) Provision for discounts on creditors Rs 1,000 During the year, bad debts amounted to Rs 2,000, discounts allowed were Rs 100 and discounts received were Rs 200. During 1995 bad debts amounting to Rs l,000 were written off while discounts allowed and received were Rs 2,000 and Rs 5,000 respectively. Total debtors on 31 December, 1995 were Rs 48,000 before writing off bad debts, but after allowing discounts. On 31 December, 1995, this amount was Rs 19,000 after writing off the bad debts, but before allowing discounts. Total creditors on these two dates were Rs 20,000 and Rs 25,000 respectively. It is the firm’s policy to maintain a provision of 5% against bad and doubtful debts and 2% for discount on debtors and a provisions of 3% for discount on creditors. Show the accounts relating to provisions on debtors and provisions on creditors for the year 1994 and 1995.

2013


What are the two most important Factor that should be kept in mind when there is a buy back of shares in companies as per indian companies act,1956

2089