VAT & CST
krina thakkar
(Querist) 26 May 2009
This query is : Resolved
Kindly explain me that If in income tax, service tax, tds etc. , educationn cess & higher education cess are calculated, then why they are not calculated in VAT & CST ???? I want to know about this logically with perfect reason.
Krina Thakkar.
arorars_05
(Expert) 26 May 2009
Dear Krina,
First thing is that VAT/CST is come under the jurisdiction of States and due to this there is variation in VAT rates in different states on the same products.
Second Income/Service Tax/TDS/Custom and Excise are Central Matter and all decisions taken by Central Governmnet on all these matter.
Hence No Education Cess and Higher Education cess is imposed by State Govt.on VAT/CST