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What will happen?

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(Querist)
17 April 2012 Dear Experts,

As we know that GST is applicable from Aug'2012, what will happen to VAT & Service Tax?
1. Will they be obsleted and never be used individually or they will be in existence parallel to GST?
2. Will the customers file the Service Tax and VAt return along with GST Return?
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
17 April 2012 The VAT & service tax will withdraw and GST will take place of it.
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