What is GST? How is it different from CST and VAT?

What is GST? How is it different from CST and VAT?

Add Comment
2 Answer(s)

Pre GST regime we have to go for VAT and Ser Tax reg and filling Returns of the same in GST regime all indirect tax are in one tax and accordingly GSTR to be filled.

Answered on June 5, 2017.
Add Comment

VAT was levied only on the Sale of goods in the same state. VAT Acts were different for different states and rates varied for different states as per their own VAT Law. CST was levied in case of Sale of goods to other state. GST will be levied on the supply of goods and / or services. GST will be one single tax throughout India and the rates would not vary in various states. GST will subsume existing indirect taxes like VAT, CST, Excise, Service Tax, Octroi, Entry Tax, Purchase tax, CVD, SAD etc.

Answered on June 5, 2017.
Add Comment

Your Answer

Gen GST