The conversation between human and AI assistant.
Planning to sell through online stores in India will Tax (VAT/CST/TIN) affect my small shop if I dint get enough trade?
That's good to know. Can you tell me more about VAT and CST in India?
Sure, VAT stands for Value Added Tax and is a tax that is levied by states on the sale of movable goods within their jurisdiction. CST stands for Central Sales Tax and is a tax that is levied by the central government on the inter-state sale of movable goods. Both taxes are applicable to businesses selling goods in India.