Vat

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Hitesh Mohite (Querist)
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16 July 2010 1)What is the diffrance between Vat & GSt (sales Tax)?
2)why vat is applicable although it is opposed by the Trader or manufacturer?
3)whats the benifits of Vat for government and others ?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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16 July 2010 VAT is more benefitable compare General Sale tax( Gst). In Gst you cannot take input credit which you have material purchsed for sales. But in VAT you can tak the same Incase material purchased for Rs.100 and sold for Rs.110 you need to pay only tax on Rs.10 but in Gst you need to pay on Rs.110

Hitesh Mohite

Hitesh Mohite (Querist)
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17 July 2010 i agree with you but my question is vat is more benifit thant gst so why it is more opposed

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