VAT is GST full lecture

Watch VAT is GST

National GST : Centre collects tax and appropriate to the State Govt.

Prevalent in small countries like Singapore and most of other countries

Dual GST : State collects their own tax. Centre collects their own tax. Both State and Centre shall levy tax on both goods or services or both.

Prevalent in India, Brazil and Canada

Levy in GST : Supply of goods or services or both

Excise + VAT = CGST + SGST = IGST