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Gst practice and other law

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AZIZ kHAN

4 Points Posted on 12 June 2021

is it necessary to have knowledge of income tax if I we want practice in gst

Replies (3)

Quick Summary

Practising GST requires a solid understanding of Income Tax. For instance, exemptions under GST often relate to entities registered under Section 12AA of the Income Tax Act for charitable activities. Therefore, to effectively advise clients and navigate GST regulations, knowledge of Income Tax and various other laws is essential.

prasad Nilugal

3924 Points Posted on 12 June 2021

Yes it is necessary to have knowledge of Income Tax while practicing GST .
I will give you one example , As per notification 12/2017 dated 28/6/2017 , service by an entity registered under section 12AA of. Income Tax act 1961 by way Charitable activities are exempt for intra -state .