VAT - SALES TAX
This query is : Resolved
SHARATH CHANDRA KUMAR
(Querist)
30 June 2010
what are the difference between VAT and Sales tax in Andhra pradesh state?
CA Kamal Gangaramani
(Expert)
30 June 2010
there is no difference between VAT and Sales tax. They are one and same, VAT means Value Added Tax. VAT is new name of Sales tax.
VAT is scheme of taxation for sales tax
and CENVAT is scheme of Taxatin of CEntral Excise
Then will also have GST form 1-4-2011, VAT will become GST.
So VAT = Salestax
GST will be VAT + Excise + Service TAx and all many more taxes
This is true not only in Andra, but all over india.
VAT is scheme of taxation for sales tax
and CENVAT is scheme of Taxatin of CEntral Excise
Then will also have GST form 1-4-2011, VAT will become GST.
So VAT = Salestax
GST will be VAT + Excise + Service TAx and all many more taxes
This is true not only in Andra, but all over india.
Shyam Lal Naik
(Expert)
30 June 2010
The General Sales Tax of the states has been repealed by VAT laws.
In case of inter state transaction Central Sales Tax is charged.
In case of inter state transaction Central Sales Tax is charged.
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