Sunday, January 20, 2019

Is GST Different From Income Tax

GST is levied on consumption while Income tax is levied on profit/income. GST is an indirect tax while IT is a direct tax. GST is a multi-stage tax levied at each stage of the supply chain while income tax is levied once a year on the gross incomeminus eligible savings (as per 80C).Apr 13, 2018

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