Somebody please tell me basic details about VAT and CST. Related to registration and all the procedures.
CA Vivek Goyal (Practising CA) (148 Points)
08 October 2013Somebody please tell me basic details about VAT and CST. Related to registration and all the procedures.
MJ Krishnamurthy
(ACCT(Retd))
(7197 Points)
Replied 09 October 2013
VAT is value aded tax on sales of goods listed in the schedules and not exempt.CST is the same tax levied on sales causing movement of goods across the state borders. Registration is done for both on-line through e-registration process in all state web sites of VAT depts......mjk
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