Regarding gst
This query is : Resolved
24 April 2016
What are the advantages if GST will be applicable in India?
what about income tax . if gst will come into force in India then there will be no income tax, no sales tax and no excise and no service tax .
plz anyone experts can clarify me in details so I can understand full concept
CA R SEETHARAMAN
(Expert)
24 April 2016
GST is an indirect tax replaces sales tax, excise and service tax. Income tax is a direct tax and continue to be there after GST.
Rupesh Jain
(Expert)
26 April 2016
GST IS REPALCE MENT FOR INDIRECT TAX SALES Tax, excise duty but it is not complete replacememnt for indirect tax due to state govts not accetped as currently using wrold wide.
CA R SEETHARAMAN
(Expert)
26 April 2016
It is complete replacement of Indirect tax.
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