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GST should reflect on income tax?
On regular mode of day to purchase as end user we have no option but to absorb the sales tax ( now GST). Why this amount of tax should not be considered as relief while calculating our income tax. Salaried people are badly affected due to tax rule but we get no such help from our contributed tax when we become jobless before 60 years age. Is there any provision under tax rule where we should mention the amount of sales or service tax.
Replies (2)
No
Sales taxes and service taxes paid are being collected from the buyer
It cannot be claimed as deduction because it was not expended by assessee but by buyer or service reciever
Sales taxes and service taxes paid are being collected from the buyer
It cannot be claimed as deduction because it was not expended by assessee but by buyer or service reciever
thanks for your reply sir. why cant be a process of making a purchase through aadhaar or PAN. in that can an assessee and buyer can be linked. Because just like a common man like me today are thinking before purchasing anything while I have to pay huge amount GST from hard earned money. No where we are secure neither during purchase nor during investment
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