Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Basic difference between CENVAT AND CST ?

Answer Posted / s.n.dutta

CENVAT..(Central VAT)...A manufacturer of final product or
provider of taxable service shall be allowed to take credit
of duty of excise as well as of service tax paid on any
input received in the factory or any input service received
by manufacturer of final product.
CST (Central Sales Tax)... The tax is collected at one stage
of purchase or sale of goods. Therefore, the burden of the
full tax bond is borne by only one dealer, either the first
or the last dealer.
An Act to formulate principles for determining when a sale
or purchase of goods takes place in the course of
inter-state trade of commerce or outside a State or in the
course of imports into or export from India, to provide for
the levy, collection and distribution of taxes on sales of
goods in the course of inter-state trade of commerce and to
declare certain goods to be of special importance in
inter-state or commerce and specify the restrictions and
conditions to which state lawsimposing taxes on the sale or
purchase of such goods of special importance shall be subject.

Is This Answer Correct ?    1 Yes 6 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Hello Frd's This is Mohd NaseerUddin. Is Anyone can help me out to findout a Accounting Peachtree 7.2 note's aswel as Focus notes also Plsssssss helpme out to find it. My E-mail id is mohd_naseeruddin43@yahoo.com

1991


is there any chance for confilcts between an accountant and a sales executive ? If yes how do you resolve the same as an accountant ?

2126


how i got knowledge about custom and excise i want rate list of custome and excise how we summit return of custom and excise , Is it include with ser. tax

2130


What is pre-paid amount? What is post-paid amount? Explain received in advance? Explain paid in advance?

2319


Let me know the difference between cash flow and free cash flow

2041


why gross profit transfering to profit & loss account

4305


What are the types of journal categories available in the Oracle AP?

2153


What will be the consequences if the partnership is not registered

1960


What is Summarising

2475


What is COVER payment?

2843


How & When We Calculate Deffered Tax... Please Give me Some Example.?

2157


What is the defination of job costing, batch costing and contract costing?

4136


What is compensation theorem?

3077


WHAT IS B.E.P. CHART

2437


Your company code use USD as the company currency. You are trying to post to an account in EUR but get an error message that you can see the problem. What is the reason?( any 1 answer) • The currency maintained in the account master record is USD • The translation rate between EUR and USD is NOT maintained • The only balances in local currency indictor is set in the account. • The account determination for exchange rate difference is missing for the account

2224