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Gst practice and other law
is it necessary to have knowledge of income tax if I we want practice in gst
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Quick Summary
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 .
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 .
There are many laws of which you must have knowledge including income tax to practice in gst.
Agree
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