Vat & gst

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Nagaraj Naik

Nagaraj Naik (Querist)
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04 December 2014 Dear sir, Difference b/w vat GST? pls give an example.

Amol S Joglekar

Amol S Joglekar (Expert)
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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)

Rupesh Jain

Rupesh Jain (Expert)
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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.

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