Interested to Buy Any Domain ? << Click Here >> for more details...
what is the different between CST , VAT, and Excise Duty ?
- 14 Answers
- 77837 Views
- L&T, I also Faced
- E-Mail Answers
Answer Posted / vijay kumar
Understanding Excise Duty, Sales Tax, VAT, and Customs Duty StructureIndia's excise duties, sales taxes, VAT, and customs duties are all similar in the way that they are set up and calculated. All are tied closely to the location where business is conducted and have a tax determination structure that is influenced by common factors.
Excise duty, sales tax, VAT, and customs duty calculation methods are similar in that they can be calculated based on percentage, quantity, or ad hoc amount, and they require the calculation of multiple taxes and tax lines for each tax type. The excise duty, sales tax, VAT, and customs duty structure is designed to be flexible enough to accommodate changes that may impact rate determination resulting from changes to excise, sales, customs, and VAT statutes and legislation.
Various business rules exist for determining the basis on which taxes are calculated. Accordingly, you can define the elements that form the basis on which tax is calculated, and define the tax calculation scheme. You define how accounting entries are created for excise duties, sales taxes, VAT, and customs duty, as well as how inventory values are updated with nonrecoverable taxes.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what is deemed sales? how to calculated
Kindly, tell me abount the WCT of U.P. material & labour supply for installment of lift in premises at Noida (U.P.), our lift supplier giving the bill in 90% material & 10% Labour & charged the up vat of 12.5% , Can we liable for WCT deductor ?
What is the commitment to the bankers against L/C ? They need any colletral Security or any deposit ? What is terms & conditions of L/c?
in gujarat. whether Vat is applicable if H form issue ?
if am registered dealer & i am using road permit, i have to pay entry tax, which goods, I am receving in jammu
When and how Wct is applicable on Labour Job Work and what is the percentage?
what is the objective of business taxation in private company?
WHAT IS THE PROVISION FOR NET PROFIT & LOSS IN PVT LTD CO & LTD CO GIVE ME THE EXAMPLE WITH ENTERY ON MY EMAIL sonidilip87@yahoo.com
i am new to this tax system if you don't mine "please help me"
if waybill issued by consignor , then c form issue whose responsibility?
What do u mean by sales tax and who are sales tax practitioner ?
Basing on what we can made TDS payment
treatment of Service tax and TDS
If I have bought goods from a seller in India and finally exported it to some other country, my understanding says I have to issue form H to seller to get cst exemption. My question is wether Bill of lading is must to be given to seller or not bcos if I give bill of lading to the seller from whom i haave bought material confidential information will go to seller as bill of lading will have buyers details...pls guide how to overcome this issue.
in a company, if employee contributing To PF equal to employer contribution. can he voluntarily stop his contribution while he is in service with that company?
