Tally for GST | GST vs. VAT - Explained

Start your free trial: http://bit.ly/3EM4Drl Here's what you need to know about the key differences between GST (Goods and Services Tax) and VAT (Value Added Tax):

Here's what you need to know about the key differences between GST (Goods and Services Tax) and VAT (Value Added Tax):
1. VAT was only for Goods, while GST is applicable for both goods and services
2. VAT was a summary-based system, where you had to submit a tax return and summary of sales & purchases for a given period. GST is a transaction-based system in which all your sales transactions must be on-time, complete and accurate.
3. VAT was managed offline, whereas GST is completely online.
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Related Links:
Tally.ERP 9 https://tallysolutions.com/tally-erp9/
e-Way Bill FAQs https://tallysolutions.com/gst/eway-b...
GST Benefits https://tallysolutions.com/gst/gst-be...
GST Registration https://tallysolutions.com/gst/gst-re...
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