Difference between GST and SST

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GST VS SST (GOODS AND
SERVICE TAX VS SALES
AND SERVICES TAX)
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What is GST and SST

• Biggest indirect tax regime of India, the
  proposed Goods and Service Tax (GST) is to
  replace the current tax system which is known as
  Sales and Services Tax (SST).
• The government's intention to change current SST
  with GST is to increase the effectiveness and
  efficiency of the current tax system and to
  understand the differences between SST and GST
  will let the public to know the tax system
  better.

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GST VS SST

• Goods and Services Tax(GST)-
• GST is a single indirect tax on the supply of
  goods and services,right from the manufacturer to
  the consumer.
• It reduce taxes on manufacturers, hence it
  increases their business and makes them more
  competitive across in the world.
• Sales and Services Tax (SST)-
• SST is a single stage of consumption of indirect
  tax where tax paid at the level of last
  production or supply of services. There are two
  flat rates in SST which combines 10 of sales tax
  rate and 6 of services tax rate which is charged
  on the last production and service only.

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Difference Between GST and SST (Sales Service
Tax)
SST Sales and Service Tax Implemented in 1970s
and has gone through few improvements Sales Tax
is only imposed on one level of production, which
is normally happens at the output level when
goods are being taken out from the factory.

GST Goods and Service Tax GST will be implemented
on April 1, 2017 as announced during Budget
2014. GST is a consumerism tax based on added
value concept at each level in the supply chain,
from production to consumer.
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• Goods and Services subject to tax-
• While for the sales tax, the concept is
  identical, but if no specific exemption is there,
  all of the goods are considered to be taxable. As
  compared to the current sales and service tax
  arrangement, brighter chances are there that the
  proposed scheme will grab a wider tax base.

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• Group Registration-
• To remove the administration prices, most
  important feature of the Goods and Services Tax
  plans is that it provides a group registration
  facility for reinforcing the GST returns. It
  would be very useful for those companies, who are
  heavily indulged in exchanging goods and services
  regularly. This upgrades the cash flow management
  while the same is not available in the existing
  scheme.
• Know More _at_ Difference between GST and SST

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