What is the Difference Between Sales Tax and VAT ?
Answer Posted / supriya dasari
VAT is levied on sale of the goods and services . And VAT is
for local sales & Services only.
where as sales tax is levied on manufacturing and non
manufacturing goods when they are selling.But Sales tax is
foe central wide.
| Is This Answer Correct ? | 3 Yes | 3 No |
Post New Answer View All Answers
what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.
What is difference vat
say something about your school
PRELIMINARY EXPENSES INCURRED IN THE YEAR OCTOBER 2012 MONTH 5LAKS WHICH ACCOUNTED IN ASSET SIDE AS ''PRELIMINARY EXPENSES''... IN YEAR END MARCH 2013, IN 5LAKS HOW MUCH AMOUNT SHOULD TAKE FOR PRELIMINARY EXPENSES WRITTEN OFF..?
What was your average accounts receivable days outstanding/days sales outstanding?
Why Company maintain's books of account?
a company recive 5 demand draft in different parties 2 DD sumittted to bank for collection and it's collected. what is the closing entry of other 3 DD in the company on that date?
What is deferred account?
Explain the accounts payable cycle
what s account
What are the accounting entries for branch accounts?
I purchase a material with vat@4% and want to sale it to a bihar cliet.what will be charged as cst.Narrate me as brakewise.It is very urgent to mine.
why creditors a/c dr. to discount received a/c ?
what is apply SI post
What are the effects when intangibles and tangible assests decrease