Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Difference between VAT and Sales Tax
11-11-2010, 07:10 PM,
#1
Difference between VAT and Sales Tax
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?
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)

Contact Us | Accountancy | Return to Top | | Lite (Archive) Mode | RSS Syndication