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What is the Difference Between GST and VAT?

The Goods and Services Tax (GST) implemented on July 1 2017 has successfully subsumed all the Central and State indirect taxes, for example, service tax, central excise, VAT, and so forth. In this article, we will see the difference between GST and VAT: GST has abolished the cascading impact of the economy. Let us get … Read moreWhat is the Difference Between GST and VAT?