Difference between VAT and CENVAT

 


Difference between CENVAT and VAT



Difference between VAT and CENVATWhat is CENVAT and VAT? How does VAT differ from CENVAT?


VAT means Value Added Tax. CENVAT means Central Value Added Tax.


If a seller invoices his sales to a buyer/consignee within the state, the VAT is applicable on such sales. CENVAT credit is a credit in respect of central excise on inputs purchased for the manufacture or duty paid in relation to the manufacture of the final product.


Separate information about VAT and CENVAT is mentioned in this web blog. You may click below links to know more:



What is Value Added Tax, VAT


How does CENVAT work?



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