Accounts Teacher

Accounts Teacher Interview Questions and Answers

Updated 28 Feb 2020

Q1. What is GST. Differences between GST and VAT.

Ans.

GST is a value-added tax levied on goods and services. It replaced VAT and other indirect taxes in India.

  • GST is a comprehensive indirect tax that is levied on the supply of goods and services.

  • It is a destination-based tax, which means that the tax is collected at the point of consumption.

  • GST has subsumed various indirect taxes like VAT, excise duty, service tax, etc.

  • Unlike VAT, GST is levied on both goods and services.

  • GST has a multi-stage tax structure that allows for input ...read more

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