Difference between Vat or GST

188 views 3 replies
Kindly tell me difference between GST VS VAT

DURING VAT 40% DISCOUNT MEAN 40%
BUT IN GST ITS NOT 40%
ITS Not a cheating with customers ?
Replies (3)

No...... that calculation under VAT were under composition or abatement......... in GST it is based on ITC .......... so overall effect to end consumer remains same or be at little reduced cost.

you are saying little bit tell me on which bases you said that
during vat MRP 10000 - 40% = 6000/-
during GST MRP 10000 - 40% = 6000+GST 18% = 7080 DIFFERENCE IS RS.1080/- Is it little bit ....?
But dear cheating is cheating.
@ raj.,
What is your exact business...?
Trading...?!


CCI Pro

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