Question

difference between GST& VAT.....?❤❤​

Answer 1

Answer:

GST- The paid GST on services adds up to total input GST comparable to total output GST, which may be on goods sold. Finally the tax payer gets the input credit on tax for the services availed by the products you purchased. VAT- VAT is not applicable on provided or sold services..

Answer 2

Answer:

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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.