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Old 03-17-2017, 02:36 AM   #1
snehareddy
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difference between VAT & GST..?

Hello Friends,

Please tell me, What is the difference between VAT & GST..?
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Old 03-19-2017, 11:35 PM   #2
robertpro07
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Vat stands for Value added tax and GST is goods service tax. GST is still to be employed but has been confirmed by parliament of India.
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Old 03-23-2017, 06:02 AM   #3
snehareddy
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thanks for advise....
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Old 03-23-2017, 06:49 AM   #4
suneel007
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VAT (Value Added Tax) is a form of indirect tax imposed only on goods sold within a particular state, which essentially means that the buyer and the seller needs to be in the same state.GST is a consumption based tax levied on sale, manufacture and consumption on goods & services at a national level.
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Old 03-23-2017, 08:43 AM   #5
robinmym
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One distinction which is value realizing is the inexpensive which an investor would have under the GST program as in comparison to what would be his output until the GST is applied.Under the VAT program of declaring tax credit rating,a investor is not permitted to subtract the quantity and services information tax compensated by him on the feedback services.
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Old 03-25-2017, 01:54 AM   #6
justseeservice
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VAT- Value Added Tax
GST - Goods Service Tax
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Old 03-29-2017, 01:55 AM   #7
snehareddy
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thanks for advise...
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Old 03-29-2017, 02:05 AM   #8
airventsindia
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The Goods and Services Tax (GST) is a Value-added tax (VAT) that exists in a number of countries. Both are Same but if we see the definition from net.

VAT is a tax levied on the difference between a commodity's price before taxes and its cost of production and...

GST means the goods and services tax that applies in accordance with a New Tax System (Goods and Services) Act 1999 (Cth).
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Old 04-03-2017, 01:48 AM   #9
snehareddy
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thanks for suggest...
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