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Under the CST Act, 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. However, under the VAT system, the tax burden would be shared by all the dealers from first to last. Then, such tax would be passed upon the final consumers. Under the CST Act, the tax is levied at a single point. Under the VAT system, the retailers are not subject to tax except for the retail tax. Under the CST Act, general and specific exemptions are granted on certain goods while VAT does not permit such exemptions. Under the CST law, concessional rates are provided on certain taxes. The VAT regime will do away with such concessions as it would provide the full credit on the tax that has been paid earlier. Under VAT law, first, the dealer pays tax on the sale or purchase of goods. The subsequent dealer pays tax on the portion of the value added upon such goods. Thus, the tax burden is shared equally by the last dealer. To illustrate the whole procedure of VAT, we give you an example as follows: At the first point of sale, the value of goods is Rs.100. The tax on this is 12.5%. Therefore, the net VAT would be 12.5%. At the second change of sale, the sale value is Rs.120 and the tax thereon is 15%. The tax that is to be paid at every point is 15%. The input tax is 15%. You will get a credit for first change in sale of 2.5%-- i.e. 15% -12.5%. Therefore, 2.5% will be the net rate. At the third change of sale, the sale value is Rs.150 and the tax on this is 18.75%. At the last stage, the tax paid is 18.75%. The Input Tax is 18.75%. You get a credit for second change in sale?i.e. 18.75% -15% = 3.75%. Therefore, 3.75% would be the net VAT. This means that VAT is paid in the last point tax under the sale tax regime.
Is This Answer Correct ? 42 Ye s 2 No Re: what is difference among VAT.vat & cst both are sale tax Is This Answer Correct ? 9 Ye 0 No s . 0 Bikram AND CST INTER STATE SALES #2 TAX . CST and sale tax Answer VAT MEANS INTRA STATE TAX . within G Kotekar the state & CST [Central Sales Tax] Inter state Sales or Transaction and Sales Tax is the Tax on Sales it may be VAT or CST.e. CST and sale tax Answer VAT [Value Added TAx] means tax 0 Vedhavyas # 1 is local tax i.Question what is difference among VAT. SALES TAX ARE CLOSE NOW THIS PLACE USE IN VAT Is This Answer Correct ? 6 Ye s 13 No Re: what is difference among VAT. CST and sale tax Question Submitted By :: Guest I also faced this Question!! Answer Rank Posted By Re: what is difference among VAT. basically it is sale of other then local state. CST and sale tax Answer vat is value added tax ( it is 0 Narender # 3 local tax on product sale) & Kumar cst is a central sale tax (it is not local tax .
the tax is on C form 2 % otherwise 4 and 12.50 %.50 %tax will be charge.We are saling the product than we can charge tax that is sale tax.It depends on item. CST . but in CST we cannot take credit from our purchases.otherwise 5 or 12.when goods are sold out of state. CST and sale tax Answer 0 Ramya #5 In VAT we can take credit from our purchases.5 and 12.In local tax we issue D-1 form aganist 4% sale or purchase. Is This Answer Correct ? 3 Ye s 0 No Re: what is difference among VAT. CST and sale tax Answer VAT. .or within state only & CST is . Sale tax is general term used for all sold goods.Vat is a local tax in a 0 Amit Goyal # 6 state.Re: what is difference among VAT.sale can be central and local.Central sale tax is a sale of outside local city.That percentage is 4. CST and sale tax Answer 0 Jayashree #4 Value added tax is Basically .50 %. sale tax.when goods are sold locally. Is This Answer Correct ? 3 Ye s 0 No Re: what is difference among VAT.It means sale on central area.
but makes no. why ? What is the rate of CST without any form on Poplpropelene yarn to be sold out of Uttarakhand if there is no express contract between parties.Is This Answer Correct ? 2 Ye s 0 No Re: what is difference among VAT.metal. of payments to a particular party and those payments exceeds the limits prescribed(i.e 20000 or 50000 as the case may be)is tds applicable for the same? Can anybody give the rates of TDS for daily purchased things like food.electrical Asked @ Answers 1 2 1 1 .wine. CST and sale tax Answer 0 Abhishek #7 Ranjan IF YOU ARE PURCHASING SOMETHING WITHIN THE STATE. Is This Answer Correct ? 0 Ye s 0 No Other Taxation Interview Questions Question Is Accounts Payable and Vendor Payable are same ? If yes or no. THEN YOU HAVE TO PAY VAT AS A TAX. & YOU ARE PURCHASING FROM ANOTHER STATE THEN YOU HAVE TO PAY CENTRAL SALE TAX.
30%+ Basic of Sales. All Details regarding to TDS.ST.00 .5%. TDS 2. 20000 after deduction of mobilization adv 30%. EXCISE DUTY. remans 1)a contigent liabilities for the acceptor 2)a contigent liabilities fot the drawer 3)a contigent liabilities for the bank 4)a liabilities for the drawer chose correct answer with detils.TDS. VAT. Pass a entry for the Contract receipts of Rs. What is WCT? On Which it is calculated? What is the difference between Advance Tax and TDS? what is GDP What will be journal entry for TDS deducated from an freight payment of RS.ST. till the discounted bill is paid by acceptor it.ADVANCE TAX. SALES TAX.PT.Works Contract TDS 2% and retention money @ 10% Please expain TDS like return time or % of rate and how to calculte. is there any need of sending c form to him or form 38 I have the Total amount of 235242.item.PF. VAT. how to bill for the customers if we sent our goods for selling purpose to our agents outsight the state. applicable TDS rate is 2.266% When private limited company liable to pay service tax??????? WHAT IS MEANIN OF DEPB LICENCE UNDER IMPORT & EXPORT subscription charges paid to foreign firm. EXCISE .EXCISE DUTY. 15000. what is Basic Value??? What is the rate of TDS for commission? Jakson 2 1 6 1 9 Godrej Banking With Late Payment Of Tds Interest Payable 13 4 6 1 1 2 4 1 1 2 Question what is the difference between CST.ESI?very urgent. CUSTOMS DUTY if a product arrives to us at mrp price of 205 and vat percentage is 12.VAT.244%. whether TDS is applicable or not? Because amount is huge what is the difference between CST. What is the Penalty/Interest charges if non-payment before due date for IT.civil items etc. SALES TAX. 235242 is included (ST+ED+SED) 10.
VAT.DUTY. VAT. EXCISE DUTY. VAT is levied on the INTRA STATE sales of goods. Is This Answer Correct ? Is This Answer Correct ? 0 Prafull 18 Yes 8 No Re: what is the difference between CST. VAT.Tax on the production of goods in india by state gov. .mostly dominated by VAT Excise duty. SALES TAX. CUSTOMS DUTY Answer #3 Excise Duty is applicable only for the Manufacturers. Is This Answer Correct ? 7 Yes 7 No 0 Arun Sajwan Re: what is the difference between CST. CUSTOMS DUTY Question Submitted By :: Badamsetty I also faced this Question!! Rank Answer Posted By Re: what is the difference between CST. SALES TAX.Same as VAT.. CUSTOMS DUTY Answer #4 CST is levied on the INTER STATE sales of goods. CUSTOMS DUTY Answer #2 Excise duty is payable on goods manufactured within India subject to exsiable material. It is charged on each point of value addition on to the goods on the value that is added on the goods at that stage and not on the total price of goods.. However the Traders applies Modvet on Goods they sold. VAT. EXCISE DUTY. EXCISE DUTY. EXCISE DUTY.Tax on the goods imported in India 42 Yes 10 No 4 Snehit Re: what is the difference between CST.. Customs duty. CUSTOMS DUTY Answer #1 CST. SALES TAX.Value added tax which is local on the sell of goods within the state itself Sales tax..Central Sales Tax on the sell of goods within the states of India VAT. SALES TAX.
EXCISE is charged on MANUFACTURED goods by CENTRAL GOVT. .SALES TAX is same like VAT except that it is charged at one point on the total price of goods. CUSTOMS DUTY is charged on goods imported from other countries. THE ABOVE THREE ARE CHARGED BY THE STATE GOVTs. Now it has been largely replaced by VAT.
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