Tax and duty

This query is : Resolved

CA-ASPIRANT (Querist)
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10 December 2009 Let me know basic difference between Tax & Duty without any example which may come true in all respect.

Highly requested to give succinct answer.

Thanks in advance

ANIL JANGID

ANIL JANGID (Expert)
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13 December 2009 A duty is a form of tax that is only applied to to specific commodities, transaction, or estates, but not on individuals.

CA-ASPIRANT

CA-ASPIRANT (Querist)
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14 December 2009 DIFFICULT TO UNDERSTAND

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BASUDEV PAUL

BASUDEV PAUL (Expert)
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15 January 2010 Duty basically related to manufacture and tax relates to sales or income.

CA-ASPIRANT

CA-ASPIRANT (Querist)
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16 January 2010 Basudev Sir,

Your answer related to disctinction between duty and Tax does not seem to be true in all cases.

For example, in case of custom duty it is not paid for manufacturing anything even then it is called duty.

Thanks

BASUDEV PAUL

BASUDEV PAUL (Expert)
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16 January 2010 Custom duty is also related to manufacture the activity may not be done in the imported country bu at the export of origin there it has been happen.
Now for without example duty is such a element which is chargeable before tax
So we can simply say duty and tax is pre and post component for a whole transaction.