Turn Over Limit:

VAT – is state specific limit 40 L
GST – GST Registration limit 20 L +

Registration:

VAT – TIN based Registration
GST – PAN based Registration

Input Tax Credit:

VAT – Interstate transactions (CST) no Input Tax Credit
GST – Seamless flow of Input Tax Credit

Declarations of Forms:

VAT – Declaration Forms like C, H etc are applicable
GST – No Declaration Forms

Rate of Tax:

VAT – Rate of Tax 5.5% (Lower rate) and 14.5% (Higher Rate)
GST – Rate will be 5%, 12%, 18% and 28%

Filing of Returns:

VAT – ReturnsMonthly or quarterly depends on states to states
GST – Returns by 20th of suceeding month but in a phased manner (Sales by 10th, Purchases by 15th and payment by 20th)

Comparison Between VAT & GST, Difference Between GSTand VAT, Difference Between GSTand VAT, Difference Between VATand GSTPDF,

Mode of payment:

VAT – There is no specific mode of payment
GST – Mode of payment if exceeds 10,000 by e-payment, less than is optional

Availment of Input Tax Credit:

VAT -Availment of Input credit time limit is different in different states
GST – Filing of Sep return of next FY or annual return whichever is earlier

Rating for Business:

VAT – No rating for the Business
GST – GST rating based on timely filling of returns & payments..