Easy Office
LCI Learning

Indirect tax

This query is : Resolved 
Profile Image

Profile Image

(Querist)
21 November 2014 Hello everyone,can anybody tell me what is the difference between VAT and CENVAT(apart from their respective operational levels like-VAT operates at State level and CENVAT operates at central level)?
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
21 November 2014 Both are Value added tax only.

1. CENVAT is applicable on the manufacture of goods and providing or receiving service

2. VAT is applicable on the sale or purchase of goods.not applicable on any service
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
22 November 2014 CENVAT is for mfg. of goods and services
VAT for sales of goods



Profile Image

Annu

Profile Image

Annu (Querist)
22 November 2014 ok thankyou so much sir
I also want to know Is CENVAT and Excise Duty same?
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
22 November 2014 yes. Excise is the CENVAT duty only
Profile Image

Annu

Profile Image

Annu (Querist)
23 November 2014 Thankyou so much sir for clearing my doubt.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links