Differences between VAT & GST with an example. Know How GST Works?

Manuf act ur er

100 Exci sedut y@ 10% =10

GST@ 10% =10

VAT@ 5% =5

Pr of i tMar gi n@ 20% =23 Pr of i tMar gi n@ 20% =22 VAT@ 5% =7

GST@ 10% =13

Ser vi ceTax@ 15% =22

Pr of i tMar gi n@ 20% =33 Pr of i tMar gi n@ 20% =29 VAT@ 5% =10 Ser vi ceTax@ 15% =32

Consumer

GST@ 10% =32

Consumer

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