Value Added Tax or VAT is an indirect tax, which is imposed on goods and services at each stage of production, starting from raw materials to final product. VAT is levied on the value additions at different stages of production. VAT is different from sales tax in various aspects. While sales tax is to be [...]
CST Act makes provisions for registration of dealer. Registration brings many advantages e.g. the dealer can issue ‘C’ form and purchase goods at concessional rate. COMPULSORY REGISTRATION UNDER CST: Section 2(f) states that ‘registered dealer’ means a dealer who is registered under section 7 of CST Act. As per section 7(1), every dealer liable to [...]