How to differentiate VAT with CGST?
What is CGST? How does VAT work? How does VAT differ from CGST?
The VAT means Value Added Tax. The full form of CGST is Central Goods and Service Tax. VAT system of taxation is being abolished and merging with GST by 2017.
VAT is levied at the time of sale of goods, either at the time of generation of invoice or at the time of movement of goods whichever is earlier. CGST, a part of GST is being imposed at the end stage of distribution of goods, means at end user level.
Simple explanation about CGST and VAT is mentioned in this web blog to make you easily understand. You may click below links for details about CGST and Central Excise Tax:
A Brief explanation about CGST
What is Value Added Tax, VAT
The information above is a brief note on difference between VAT and CGST.
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