difference between vat and gst in tabular form
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VAT is calculated on the market price of the goods. Further, excise duty and VAT add up to it.
GST will be only charged on the selling price and the subsequent parts of SGST and CGST would add to the value of goods as per their percentage. The invoice under GST scenario would reflect:
GST will be only charged on the selling price and the subsequent parts of SGST and CGST would add to the value of goods as per their percentage. The invoice under GST scenario would reflect:
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