I am unaware of a time zone abbreviated VAT. The only time zones I know of that begin with V are Venezuela Time (VET; UTC-4:30), Vostok Time (VOST; UTC+6), Vladivostok Time in Russia (VLAT; UTC+10) and Vanuatu Time (VUT; UTC+11).
Also, according to the "time lords" (my name for them, not theirs), there are four different time zones abbreviated CST, American Central Standard Time (UTC - 6 hours), Australian Central Standard Time (UTC + 9.5 hours), Cuba Standard Time (UTC - 5 hours) and China Standard Time (UTC + 8 hours). Additionally, it has been suggested that CST is an acceptable abbreviation for Australian Central Summer Time (UTC + 10.5 hours). (It drives me crazy that the "time lords" think that such ambiguity is totally acceptable.)
11 PM CST is 10:30 AM the next day in IST (Indian Standard Time). This is because there is a 11.5 hour time difference between CST and IST.
8.30 am CST is equivalent to 8.00 pm IST. Time difference between Central Standard Time (CST) and Indian Standard Time (IST) is 11.5 hours.
5 AM Pacific Standard Time (PST) = 5 AM Pitcairn Standard Time (PST) = 7 AM American Central Standard Time (CST) = 8 AM Cuba Standard Time (CST) = 9 PM China Standard Time (CST) = 10:30 PM Australian Central Standard Time (CST)
12 pm PST is 2 pm CST. There is a 2-hour difference between Pacific Standard Time (PST) and Central Standard Time (CST).
6 AM American Central Standard Time (CST) = 7 AM Cuba Standard Time (CST) = 1 PM British Summer Time (BST) = 6 PM Bangladesh Standard Time (BST) = 8 PM China Standard Time (CST) = 9:30 PM Australian Central Standard Time (CST)
Vat is not applicable. because it is a interstate sale. so only cst is applicable . cst 2%. along with form 'c'...if form 'c' is not provided by the buyer, then state vat is applicable...
As per return for the month the excess credit of mvat can adjusted against cst payment.
87
Local VAT rate as applicable to particur Goods
There is no differrence .
normal vat rate of particular item
neutrons
The difference between vat exclusive and vat inclusive is that vat exclusive is the price before tax is added on. Vat inclusive is the price after tax has been added on.
The difference between e-vat and vat is the time in which they take effect. The vat takes effect when a sale is made, and the e-vat takes effect when the sale is finalized. To know more about the VAT or VAT consultancy services please visit Proactive Consultancy Group - TPCGUK or you can call us at +44 207 193 7072
8.5 percent of the pre-VAT price.
I just want to understand the differrence between Admin and finance.
Local VAT rate is applicable when the sale is made without form 'C'