Understanding the Difference Between VAT and GST

After the introduction of GST, indirect taxation policy of India will be subsumed under GST because a line of various taxes will be included in a single tax law which is GST (Goods and Service Tax). <br />Before GST, the main indirect taxations were VAT, Service Tax, Excise etc. <br />Where VAT is a tax which is added at every point, from production to the time of sale. <br />Tax is added at every stage when the value is added that is why it is called value added tax. <br /> <br />In this informative Video, you will find some details of GST VS VAT, Brief Summary of Both the Taxation Policy, Return to be Filed, Input Tax Credit etc. <br />For More Information Please Visit : http://blog.saginfotech.com/gst-vs-vat-differences