Impact of gst on income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 May 2017
Dear Experts,
i wish to know after GST implemented what would be its impact on income tax. what rule may be amended in existing rule in income tax?
Thanks
Riya
i wish to know after GST implemented what would be its impact on income tax. what rule may be amended in existing rule in income tax?
Thanks
Riya
CA R SEETHARAMAN
(Expert)
06 May 2017
No impact on Income tax when GST is implemented. I think there is no need of any amendment in IT Rules.
CA CS Jainam Shah
(Expert)
06 May 2017
In Income Tax there will be no amendment in the Rules. But through GST returns and all the IT department may generate enough information to open you case in scrutiny.
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