CENVAT & VAT

Querist : Anonymous (Querist) 25 January 2011 This query is : Resolved
What is CENVAT and how does it differs from VAT

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R.Ramachandran (Expert) 25 January 2011
While CENVAT (Central Value Added Tax) governs Central Excise, Customs and Service Tax, VAT (Value Added Tax) of each State govern the value addition and the resultant tax in respect of the Sale of goods within the respective State.

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