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What is CST?What is VAT? |
| Answer» CST:- Central sales tax is a type of indirect tax. it will be recorded in separate account at the time of sales of goods. At the time of purchases it will be added in purchases a/c. CST is a central leval tax.\xa0VAT :- Value added tax is also an indirect tax. it will be recorded in both cases of sale and purchase as well. it is a type of local tax.\xa0 | |