GST/VAT/TAX List:VAT is Value Added Tax, a consumption tax applied to the purchase price of goods and services. GST stands for Goods and Services Tax and is a consumption tax imposed upon the cost of goods and services. GST and VAT are taxes that share the same characteristics but have different ...
Read MoreGST Setting:The full form of GST is the Goods and Services Tax. The GST category applies to taxes levied on interstate purchases or supplies of taxable services and imported goods. The Central Government collects GST, which is distributed among all the respective states.Short Direction: {AmazCart...
Read MoreThe main difference between a VAT and a sales tax is that a sales tax is only paid once: at the initial point of sale. This means only the retail customer pays the sales tax. The VAT is instead collected multiple times during the production of a finished product. Value-added tax (VAT) or goods an...
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