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VAT & GST...?

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VAT & GST...?

Post by angilpari1122 on Wed Jul 05, 2017 2:40 pm

Hello Friends,

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

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Re: VAT & GST...?

Post by Designpluz on Thu Jul 06, 2017 1:21 pm

VAT is a multi-stage tax on goods that is levied across various stages of production and supply with credit given for tax paid at each stage of Value addition.
Goods and Services Tax (GST) is an indirect tax applicable throughout India which replaced multiple cascading taxes levied by the central and state governments. ... Under GST, goods and services are taxed at the following rates, 0%, 5%, 12% and 18%.
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