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Sales Tax, Value Added Tax, Goods and Services Tax are types of taxes imposed on the products and services.
Sales Tax (abbreviated as ST) is imposed by the government when a product is sold to the customer.
Sales tax = Tax% of Bill Amount Total Bill = Cost of the Item + Sales Tax
VAT or Value Added Tax is also a type of tax charged by the government for public welfare expenses. This tax is already included in the price of the product. At present, a percentage of VAT is imposed in almost all the products and services. GST stands for Goods and Services Tax. GST is a new tax levied by the government since 1st July, 2017. This tax is charged on supply of goods or services or both.
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