Understanding VAT (Value Added Tax) & CST (Central Sales Tax) in India [Whiteboard Friday]

VAT is a multi-point tax on value addition which is collected at different stages of sale. VAT is applicable to intra-state sales. CST is same as VAT and is applicable…

VAT is a multi-point tax on value addition which is collected at different stages of sale. VAT is applicable to intra-state sales. CST is same as VAT and is applicable for Inter-state sales only.
In this episode of “eLagaan Whiteboad Friday”, the eLagaan team explains, the concept behind Value Added Taxes popularly known as VAT & Central Sales Taxes popularly known as CST, who needs it & why it is needed.

The video below explains what are the various returns related to VAT & CST and what records do businesses need to maintain to stay compliant.

– Subscribe to Pluggd.in’s YouTube channel.

Sign Up for NextBigWhat Newsletter

Daily.

You May Also Like

Choosing an LLP over a Private Limited Company? Not such a no-brainer, really

I must state here that the advantage which an LLP gives you is not so significant, and is in fact more than countered by some of the disadvantages – for instance, issuing ESOPS to your employees is logically impossible, getting investors into your Company is relatively more difficult and diluting or liquidating your stake on the secondary markets is not possible either.