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1. How many types of vat?
2. What is the sales tax purpose?
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Answer Posted / santhosh
Input VAT and Output VAT are two types
Input VAT is on purchases within the states
output VAT is on Sales to register dealor
VAT Rate is differ in both the cases
and which is based on product
u can read 6 VAT schedules in the Net and came to knw what is the vat rate on different goods
Audit is mandatory if turnover crossed 1 crore
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