Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / lalit singh
Excise tax refers to the tax that is levied upon production
of an item and the manufacturer has to pay it when the
finished good goes out of the factory. Thus it is also
called as production tax or manufacture tax.Excise is
different from customs as excise duty is levied on goods
produced inside the country whereas custom duty is charged
on good produced outside the country.
Sales tax is a tax that is levied upon the end consumer of
a product. Normally it is included in the MRP of the
product so the consumer knows that he is paying the tax
when he purchases an item from the market. In some cases,
shopkeepers add it in the last of the invoice to keep it
separate. This amount that a shopkeeper collects from the
consumers is deposited by him to the government. This is a
direct tax that is difficult to evade as a shopkeeper
cannot hide his sales.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what is the vat & cst rate with cst and without c form. TDS on salary how to deposti and which challan use for this
HOW MUCH PENALY IF SALES TAX IS NOT PAID ON DUE DATE IN HARYANA SALES TAX
I have a plot at Visakhapatnam. I have entered into a contract with a builder which enables him to construct 10 flats on the plot and builder and myself will share 50:50 of the constructed area. i.e. builder will get 5 and i will get 5 flats. Builder is not paying me any other consideration apart from 5 flats. Kindly clarify as to whether any servive tax is applicable and payable by me ?- kgr varma
interest paid to bank rs.15000 in conection with statutory income tax proceedings.
What we mean by MAT Credit Entitlement ???
when we want bought a new asset (for ex. car)how we calculate our income with the eye of income tax
In advance c form dvat why not showing the amount in form verification
A Old Government Job retired Personnel who is getting his Pension amount@Rs.11000/- per month. He has put his retirement Fund in Bank Deposit for 1 year. No Bank is deducted TDS on that amount. Do we have any way by which his TDS can be refunded or saved
what is form requirment for monthly, quartely, and yearly sale return for haryana
What is Labour Cess? Pl. define. & what is rate of Labour cess.
How much is the tax & surcharge % against d-1 form. on cement,steel,electrical item,RMC,
If we taken TIN No.for sale in intra & interstate , CST No.also required to take? ?
procedure to get Raw Material free of excise duty under Central Excise Act,
We made full payment to contractor and forget to deduct TDS on that.Now contractor ledger is fully settled and we have to pass the TDS entries on that. Kindly guide rectify the entries on tds
what should be the research and methodology of business taxation?
