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Difference batween VAT & GST...?

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Difference batween VAT & GST...?

Post by sfoortisharma92 on Fri May 12, 2017 4:20 pm

Hello Friends,

Please tell me, What is the difference between VAT & GST...?

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Re: Difference batween VAT & GST...?

Post by tyagi on Mon May 15, 2017 2:32 pm

When a business operating in a VAT/GST country buys goods or services, it pays tax to the supplier, which is called an input tax. When the same business sells goods or services, whether to another business or to a final consumer, it is required to charge tax, which is called an output tax.

Thank you~!

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Re: Difference batween VAT & GST...?

Post by angilpari1122 on Thu May 18, 2017 1:49 pm

thanks for advise...

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Re: Difference batween VAT & GST...?

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