Interested to Buy Any Domain ? << Click Here >> for more details...
what is the different between CST , VAT, and Excise Duty ?
- 14 Answers
- 78291 Views
- L&T, I also Faced
- E-Mail Answers
Answer Posted / amol palav
CST- Comes under the preview of Central Sales Tax Act
1956,extend whole of India.
CST is applicable when the movement of goods pass from one
state to other. 2% CST is charged against Concessional Form C.
VAT- Indirect Tax on Consumption of Goods. Every State have
it own VAT enactment. VAT is intended to tax at every stage
of sale unless the goods are exempted from levy of Tax.
Excise Duty :- Excise Duty is an indirect tax levied and
collected on the goods manufactured in India. Manufacturer
of goods is responsible to pay duty to the Government. This
indirect taxation is administered through an enactment of
the Central Government viz., The Central Excise Act, 1944.
The rates at which the excise duty is to be collected are
stipulated in the Central Excise Tariff Act, 1985
| Is This Answer Correct ? | 31 Yes | 5 No |
Post New Answer View All Answers
what is the circle of tds and its rate chart
when i send goods out side the state against c form from gujarat to bombay which forms will have to required, where i get it & what process of to get it , please give me the answer on my e.mail sonidilip87@yahoo.com
Pls.tell me some website name who display practical question & answers of accounting work. like tds, service tax entry and some more. also provide important knowledge of all taxes.
I am a civil Engineer consultant. On an item for example Rs.100, I am adding 4%WCT ie., Rs.4 and I am certifying the contractor bill for Rs.100.00 + Rs.4.00 = Total Rs.104.00. But my client is deducting 4% on Rs.104.00 ie., Rs. 4.16. So, finally contractor is losing Rs. 0.16 on Rs. 100 which amounts to lakhs on the project value. Can you please guide me on this? Santosh Kumar
I MR A REGISTER DEALER IN MUMBAI [MAHARASHTRA], I WANT TO PURCHASE GOODS FROM BANGLORE AND DIRECTRY SALE TO HYDRABAND. IN THIS CASE WHO TO MAKE / PREPARE MY SALES BILL IN MUMBAI AND WHICH SALES TAX FORM I WHAT TO ISSUED.
In TDS Challan, i had written the TAN No of my company wrongly and i file it to the Govt. what can i do now? is there any problem reg this? wat is my next step? shall i give any letter to TDS Circle in this regarding? how can i approach them? Kindly help me immdly with the procedure.
What is meant by Cost of Improvement?
what is the journal entry for sales on discont. what is the journal entry for purchase on diicount.
My client has not filled income tax return for ay-2013-14
why VAT not charged in deemed sales bill.
How to calculate entry tax on kraft papers format in excel under Assam Entry tax rules?
How treat TDS & TCS in manual or Tally 9 softwere ?
what is the difference between vat 100 and vat 120?
what is the Difference between Compound Sales and Deemed Sales?
how will one calculate TDS when the bill is with service tax (SAY an AMC bill ) and what treatment will be there when it is a rent bill with service tax. is there any rules in income tax as to deduct double taxation?? pls help with rules sir
