Vat & gst
This query is : Resolved
Nagaraj Naik
(Querist)
04 December 2014
Dear sir, Difference b/w vat GST? pls give an example.
Amol S Joglekar
(Expert)
04 December 2014
VAT is a STATE administered Act.
GST is aiming at dispensing VAT so that an efficient and simple tax system can be brought about. Goods and Service Tax. It is set to integrate the STATEs and bring about simplified tax structure.
(GST is a type of VAT...i.e. to say value added tax)
GST is aiming at dispensing VAT so that an efficient and simple tax system can be brought about. Goods and Service Tax. It is set to integrate the STATEs and bring about simplified tax structure.
(GST is a type of VAT...i.e. to say value added tax)
Rupesh Jain
(Expert)
09 December 2014
vat is currently running in india.
in which you pay vat on addition value.
but you cannot take the calim of CST.
under GST on CST applicable. and tax burden on end customer will very low.
in which you pay vat on addition value.
but you cannot take the calim of CST.
under GST on CST applicable. and tax burden on end customer will very low.
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