MathsTips.com

Maths Help, Free Tutorials And Useful Mathematics Resources

  • Home
  • Algebra
    • Matrices
  • Geometry
  • Trigonometry
  • Calculus
  • Business Maths
  • Arithmetic
  • Statistics

Sales Tax (Trade tax)

In order to increase revenue, state governments levy sales tax on the sale of goods within their states. For the inter-state movement of goods, the Union (Central) Government also levies sales tax, known as Central Sales Tax. It is the tax imposed on purchase of items.

Filed Under: Business Maths Tagged With: Sales Tax, Tax, Trade Tax

Value Added Tax (VAT)

In the VAT system, the tax is realized by the government at many points in the supply chain, right from the manufacturer to the retailer.

Filed Under: Business Maths Tagged With: Tax, Value Added tax, VAT

MathsTips on Facebook

MathsTips on Facebook

© MathsTips.com 2013 - 2025. All Rights Reserved.