Difference Between VAT & GST VAT and GST are both counter approach taxation systems by the government to charge taxes on goods and services across the nation. The old tax system,i.e. value added tax ,was the method of applying taxes on goods while the goods and service tax is set to change this course of action towards consumers . VAT is an indirect tax,which is imposed on goods and services at each stage of production,starting from raw materials to final product.VAT is levied on the value additions at different stages of production. ...
Comments
Post a Comment