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Diffence b/w sales tax system & vat ?

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(Querist)
25 January 2011 Respected Expert,

How is the method of calculation of determining the tax liability
under the present Sales Tax system different from VAT
method?
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
25 January 2011 Present sales tax system is no more. The only difference between two is setoff of input credit.
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Jyoti

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Jyoti (Querist)
25 January 2011 Thanks sir. Will you please tell me what is Compounded levy scheme?
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