Regarding the Vat
This query is : Resolved
22 February 2017
pls let me know how to file the vat
26 April 2017
can anyone let me know about the GST means what is the main purpose of GST
20 July 2025
Sure! Here’s a simple breakdown for both your VAT filing query and GST basics:
How to File VAT (Value Added Tax)
Note: VAT is a state-level tax that existed before GST.
Register for VAT:
You must first be registered under the VAT rules of your state if your turnover exceeds the threshold.
Maintain Records:
Keep invoices, purchase bills, sales bills, and stock records.
File VAT Returns:
Usually monthly or quarterly, depending on your state.
Returns include details of sales, purchases, VAT collected, and VAT paid (input tax credit).
You pay the net VAT (VAT collected - VAT paid).
Payment:
Pay the VAT amount due along with the return.
Online Filing:
Most states have an online portal for VAT filing; you need to login and upload your return.
Deadlines:
Filing and payment deadlines vary by state but are typically within 20-30 days of the month/quarter end.
What is GST (Goods and Services Tax)?
GST is a single, comprehensive indirect tax that replaced many indirect taxes including VAT, excise duty, service tax, etc.
It is a destination-based tax on consumption of goods and services.
Main Purpose:
To create one unified market across India.
To eliminate the cascading effect of taxes (tax on tax).
To simplify tax structure and compliance.
To allow seamless input tax credit across goods and services throughout the supply chain.
How to File VAT (Value Added Tax)
Note: VAT is a state-level tax that existed before GST.
Register for VAT:
You must first be registered under the VAT rules of your state if your turnover exceeds the threshold.
Maintain Records:
Keep invoices, purchase bills, sales bills, and stock records.
File VAT Returns:
Usually monthly or quarterly, depending on your state.
Returns include details of sales, purchases, VAT collected, and VAT paid (input tax credit).
You pay the net VAT (VAT collected - VAT paid).
Payment:
Pay the VAT amount due along with the return.
Online Filing:
Most states have an online portal for VAT filing; you need to login and upload your return.
Deadlines:
Filing and payment deadlines vary by state but are typically within 20-30 days of the month/quarter end.
What is GST (Goods and Services Tax)?
GST is a single, comprehensive indirect tax that replaced many indirect taxes including VAT, excise duty, service tax, etc.
It is a destination-based tax on consumption of goods and services.
Main Purpose:
To create one unified market across India.
To eliminate the cascading effect of taxes (tax on tax).
To simplify tax structure and compliance.
To allow seamless input tax credit across goods and services throughout the supply chain.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- Transport service POS
- GST Registration Application -Rejected
- To Whom the Invoice should be Raise to
- GSTR 9C- Table 9
- E INVOICE, E-WAY, INVOICE
- INCOME TAX NOTICE QUESTION
- Query on solved queries
- E stamp paper purchase
- When was the effective CA partnership deed? Can I use old FRN until new FRN alloted by ICAI?
- Whether to file ITC 03 for downward GST rate revision - Reg.
- Capital gain on sale of resident house by non-resident Indian
- Regarding claiming exemption under section 54ec
- Tax liability on gift amount given to blood relation
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
