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what is vat?
what is excise?
what is form c & d in sales tax?
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Answer Posted / sonik
1)VAT(2%)is chared by the registered dealer at the time of
sale of goods(except UT-0%)for Interstate Transaction
against form "C" from purchaser.
2)Excise is the tax on Manufactured goods at the
time of its removal from plant i.e. at the time of sale.
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