What is diff between Sales Tax

Answer Posted / purushotham

sales tax is taxed at every point of selling or buying
goods. but int vat (value added tax) is taxed at only one point.
sales tax is collected to central govt. but vat is collected
state government.

Is This Answer Correct ?    6 Yes 14 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?

1974


can we do manual tds return file or r-tds is complusry? if we can do manual tds return file, where i have to go for return file. like we go to income tax department for Income tax return file in manula tds case.

2035


Define financial year?

720


we have some central purchase bill against c form i want c form against this bill what requirment for form because we have not recived any c form from the cst office please advice me what i do . thanks

2349


WHEN FORM VAT R-2 USE?

1649






What is commercial tax? and what comes under commercial tax? What are the Provisions relating to it?

1599


Pls can you write briefly about procedure of Auditing of VAT, Service Tax and Central Excise?

1613


Sir, We purchased coal from NCL on CST basis. An incentive is paid on the basis of performance basis of NCL. NCL Raise there incentive bill for Rs. 1000+CST2% Rs.20 Total Rs. 1020/-. But As per Our Calculation, Incentive bill should be Rs. Basic 900+18 (CST)total Rs. 918. We argue and disputed and paid only Rs. 918/- . After Some time they also agree that incentive amount should be Rs. 900+CST but Now they revised the bill like this Basic Incentive Rs. 900+CST Rs.20/- (Original Tax value). And now they are demanding C for with CST 20/- but our pleas is that we are not liable for the mistakes made by the NCL and will issue C for for Rs. 18 Only. Now They are demanding C for for difference of Rs. 2 of CST. My Question is what should be the actually value of C form for CST ie. Rs. 18 or 20. considering the fact that we accounted only rs. 918/- in books and disputed is resolved after one year for basic value.

1463


What is the procedure to intimate Change Name of Business in maharashtra Vat Act, which form to be fill.

2455


Please let me know the depreciation rates.... com 2011-12.... Vechicle - Computer - Furniture - Tel instrument -

1791


what is the method of work contract tax computation

2394


what the procedure of filing mvat pls. explain in briefly ?

1784


What is permanent account number (pan)?

742


what is procedure to get c form? what is procees to get vat /tin no

1940


What is the procedures for withdrawing of form C?

1773