shubhampatil1301199678 asked 5 years ago
What is difference between GST and indirect taxes?
12 Answers
rahulthopate89
kadam123
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Dhanju43
Abdul Shafi answered 5 years ago
These indirect taxes or VAT were levied on each step of value addition of the product, thus creating a cascading effect. Therefore, GST was introduced to bring down unwanted inflation in the economy. Both VAT and GST are levied on the value of sale or supply of goods. ... Read on to know how GST is different from VAT.
dbshaikh
mayuri lanjewar answered 5 years ago
In the words of many eminent economists, VAT and GST are just two names for one tax, but on evaluating minutely, you observe the contrast. First and foremost, it’s important to understand how valuation of goods is considered under their respective perspective.
dnyane123485
Yogesh ingle answered 5 years ago
The primary difference between VAT and GST is that while VAT applies to the sale of goods, GST applies to the supply of goods and services.
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