VAT (Value Added Tax)
This query is : Resolved
23 October 2007
For November 2007 Exam(PE-II) of group2 whether VAT is applicable in the paper INCOME TAX & CENTRAL SALES TAX or not since it is heard by me that some small question can come for 10 or some marks though Income tax consists of 75 marks & CST consists of 25 marks
23 October 2007
DIPTIJI,
PL. DO NOT GO PLEASE BY SUCH HEARSAY.
SALES TAX IS RPLACED BY VAT.
CST IN VATREGIME IS ALREADY REDUCED FROM
4 %TO 3% AND IS IN FOR GRADUAL PHASE OUT.
PL. PREPARE YOURSELF FOR VAT ALSO.IT IS ONLY NEW NAME FOR SALES TAX
R.V.RAO
PL. DO NOT GO PLEASE BY SUCH HEARSAY.
SALES TAX IS RPLACED BY VAT.
CST IN VATREGIME IS ALREADY REDUCED FROM
4 %TO 3% AND IS IN FOR GRADUAL PHASE OUT.
PL. PREPARE YOURSELF FOR VAT ALSO.IT IS ONLY NEW NAME FOR SALES TAX
R.V.RAO
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