what is the difference between CST, VAT, SALES TAX, EXCISE
DUTY, CUSTOMS DUTY
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Answer Posted / ravi
VAT - vat is a form of sales tax which is collected in different stages of transactions like buying and selling of
goods & services the input tax is rebated against the out put taxis called vat
CENTRAL SALES TAX - central sales tax is of two types intra &inter intra sales means the purchase & sale with in the state,inter state means the purchase &sale between two different states
EXCISE DUTY - Movable & marketable, when the goods are passing the gate of a company excise duty must be paid such goods only permitted to pass out of the gate
SALES TAX - Sales tax was there before and know vat concept
has been come in to force for the welfare of prompt tax payers
CUSTOMS DUTY - Generally customs is levied on all imports &exports
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