Difference between GST and VAT

 

Difference between VAT and GST



Difference between GST and VATWhat is VAT? How does GST work? How to distinguish between GST and VAT?


The full form of GST is Goods and Service Tax. The elaborate form of VAT is Value Added Tax.


VAT is charged on sale of goods immediately up on preparation of Sale Invoice or immediately when goods are moved for sale. GST is charged on goods and services at the end stage of distribution of goods. Many indirect taxes including VAT are being eliminated and merging with GST.


Details on GST and VAT are mentioned separately in simple terms, smooth language to make everybody understand easily in this web blog. You may click below links to know more:


What is GST?


What is Value Added Tax, VAT


In this post, difference between GST and VAT is explained briefly with simple terms and easy language.



If you wish to add more information about this brief information on difference between VAT and GST, share below.

 

Click here to know GST rate on Goods and Services

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Find HSN number or Service tariff code for GST

GST registration guidelines

Indian GST Laws

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How to get Export Order?

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Export procedures and documentation

 

Difference between VAT and Central Excise Tax

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CST, Central Sales Tax

VAT, Value Added Tax

Difference between IGST and SGST

Types of GST in India

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GST on Imports in India

Difference between CGST and SGST

What is SGST in brief?

What is IGST in brief?

What is CGST in brief?

 

Impact of GST on imports in India

 

Applicable import duty after GST implantation

 

How to calculate IGST under imports?

 

Changes in IEC after GST

 

Linking IEC with GSTIN in customs

 

Import under EPCG after GST

 

GST on imports by EOUs and SEZs

 

Changes of operation of SEZ

 

Does CVD exists under project imports?

 

Baggage clearance after GST implementation

 

Refund of SAD paid on imports

 

How to claim ITC under imports?

 

Procedures to claim Drawback after GST implantation

 

How to claim IGST refund on exports?

 

Export procedure changes after GST implementation

 

Factory stuffing procedures after GST implementation

 

Import of goods attracts IGST but not CVD under GST regime

 

Import goods attracts IGST and CVD under GST regime

 

Import Goods attract IGST, CVD and Compensation Cess under GST regime

 

Safeguard duty and Anti-dumping duty after GST implementation


A very brief description about GST

What happens if overseas buyer not paid export bills discounted.

What happens if proper tracking of goods not effected in export import business?

What happens if your buyer rejects cargo? What are the major problems if consignee not taken delivery of cargo?

How to get export order from foreign buyers?

How to get RCMC from Export Promotion Councils

How to hide invoice value of original contract under high sea sale transactions

How to know the quality, quantity or contents of goods before import customs clearance

How to know volume of LCL cargo if not measured at factory

Transferability of Bill of Lading

Transhipment - A redefinition

Travelers to India under import duty exemption, Frequently Asked Questions Part 2

Triangular export

Types of Insurance Documents.

How to make DA mode of payment safe

How to make delay in delivery of Shipment?

How to minimize import cargo clearance time? An open logic proposal to WTO

How to obtain a duplicate BL, if original bill of lading lost.

How to obtain GSP - Certificate of Origin?




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