VAT And CST - Fixed Assets

premlatha Started The Discussion:

VAT and CST (Act, Rules, Procedures, Forms, Formats, Filings , VAT entries and overall areas ) what are these?

[ swarup1973 ] Member Since: Nov 2006 (Contributing Member)

VAT : Value Added Tax . CST : Central Sales Tax. For more details you can go thorugh the below site , all the information you will get. http://www.dvat.gov.in/dvatonline/index.php

[ smvsiyer ] Member Since: Nov 2006 (Contributing Member)

Hi Premlatha,

Though these are not related to HR field,it is important for any business.

VAT is the hottest topic in business world now. Even big companies are changing their strategies to get the best benefit out of this.

CST is the sales tax levied by Central Govt on goods that are sold.

As advised by Ms. Swarup, you may get more details from the web...

regards

sathya

[ satyam0512 ] Member Since: Nov 2006 (Contributing Member)

hi

u can visit the site mentioned by our respected colleagues. However, if u hv any particular query(s) still left unanswered, u cn ask me at my e-mail address i.e.:

regards

Satyam Rastogi

[ byomjeet ] Member Since: Jun 2007 (Contributing Member)

Dear Premlatha,

CST is a central chapter and is administered by the Central Govt. for various goods sold. But VAT is a state chapter and the competent authority is a State Govt. VAT Rules will be different in different states.

Please mention which state you are talking about.

Regards,
byomjeet

[ BIPLAB KUMAR DAS ] Member Since: Sep 2009

VAT and CST VAT and CST (Act, Rules, Procedures, Forms, Formats, Filings , VAT entries and overall areas ) what are these?

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