What is Difference between Cenvat and VAT? why some transaction Cenvat Additional duty charged by seller?
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Karthik.s
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Cenvat credit
Replies (2)
Cenvat relates to Service Tax - Money belongs to Central Govt
VAT - Is a Sales Tax belongs to the State
Cenvat credit - Input on Central excise duty (assess should have central excise registration and possesses excise purchase invoice for taking cenvat credit)
Vat: Value added tax. When a trader crosses his sales 10lacs,or going interstate purchase and sales, he should registered as a dealer under Tamilnadu value added tax act 2006
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