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Indirect tax

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(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)?
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CMA Ramesh Krishnan

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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
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Rupesh Jain

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

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

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

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