cin and vat are equal or different

[Former Member]

Hi gurus,

i would like to know that the difference between cin and vat. I dont have any idea about this. Is the vat comes under cin or not please clarify this doubt. and one more thing what about tax procedures they will also use to collect the tax. how it will utilised to calculate cin

please calrify on this

thanks in advanc

[former_member204513 · Accepted solution]

Dear Rack29,

VAT (Value Added Tax) is the on of the tax levid by the government of India.

CIN (Country Version India) is the SAP procedure released by the SAP AG to calculate the country India Different taxes like

Excise duty

Education cess

VAT

CST etc ..

I hope it will clear for you,

Regards,

Murali.

[Lakshmipathi]

The simple difference between these two is that VAT is a tax related to sales you made and CIN relates to excise duty you pay on the goods manufactured. Of course, CIN also includes ECess & SHECess. Moreover, CIN is applicable only for manufacturing units and not for retailers.

thanks

G. Lakshmipathi

[Former Member]

hi rack

VAT is value added tax imposed on all products purchased by any one.. now vat is 4% but it depends from state to state.

Where as CIN is a tax procedure followed by government.. In CIN we will found two types of pricing procedures..

1.formula based--taxinj

2. Condition based--taxinn

So, vat is one type of condition type in Cin

So there are many types of taxes are there

Excise duty

Cess

Vat

Cst

and so on..