tax vs duty
This query is : Resolved
BHARATHRAMKUMAR
(Querist)
03 January 2008
what is the difference between tax and duty?
M.JANAK RAO
(Expert)
03 January 2008
Duty: A payment charged on the Import , Export,Manufcature, or sale of Goods.(Excise is duty)
Tax: Impose on tax, Income and Business Profit to : Income Tax, Vat Tax on sales payment to state Govt., Service Tax: Service Tax on services
Tax: Impose on tax, Income and Business Profit to : Income Tax, Vat Tax on sales payment to state Govt., Service Tax: Service Tax on services
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