What-are-the-types-of-sales-tax_REPLY

[samkapoor77]

Manufacturer’s sales tax is the tax on sales of tangible personal property by manufacturers and the producers; Retails sales tax is the tax on sales of retail of tangible personal property to the final recipient and the industrial users; Use tax is a type of sales tax which is imposed directly on the consumer of goods purchased without the sales tax, usually on items purchased from a vendor who is not under the ambit or jurisdiction of the taxing authority; Value Added tax (VAT) is a tax which is charged on all sales, thus almost eliminating the need for a system of resale certificates, it is the difference between the price paid by the first purchaser and the price paid by each subsequent purchaser of the same good or service.