Value Added Tax

PAN Card vs AADHAR Card

PAN Card vs AADHAR Card
PAN stands for Permanent Account Number. It is a number that is issued to any person who pays tax. Aadhar is an UID, i.e. a unique identification number. Its main purpose is to create a database of each...

PAN vs TAN vs TIN

PAN vs TAN vs TIN
A PAN number is a number for anyone who pays income taxes or has financial transactions. TAN is required for any organization that deducts or collects tax at source. A TIN number is required by any dealer or...

Sales Tax vs Value Added Tax (VAT)

Sales Tax vs Value Added Tax (VAT)
Both Sales Tax and VAT are consumer taxes, which means that they have to be paid whenever one purchases a product that is meant to be consumed or used. However, sales tax is a type of direct tax, while VAT is...

Service Tax vs Value Added Tax (VAT)

Service Tax vs Value Added Tax (VAT)
Service Tax is a tax that is levied by the government on any services that are rendered. Value Added Tax (VAT) on the other hand is a tax that is levied by the government for goods that are purchased. However...

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