Regarding the Vat
This query is : Resolved
Abdul Qadeer
(Querist)
22 February 2017
pls let me know how to file the vat
Abdul Qadeer
(Querist)
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
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- Oct 2025 Invoices
- Import of Software Service.
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Capitalgain tax purposes for valuation report compulsory
- GST on Renting godown to KFCSC for Storage of Raagi
- GST Audit whether Govt Companies are exempt?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
