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)

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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..