Difference between VAT and Sales Tax - Printable Version +- Accountancy Forum (https://www.accountancy.com.pk/forum) +-- Forum: The Profession (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=4) +--- Forum: Tax (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=8) +--- Thread: Difference between VAT and Sales Tax (/showthread.php?tid=9133) |
Difference between VAT and Sales Tax - irananed - 11-11-2010 Can anybody tell me the major differences between VAT and Sales Tax? From what I have learnt and there is nothing special about VAT. Like Sales Tax, VAT also have two related accounts in chart of accounts i.e. VAT In and VAT out. Any comment? |