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After paying 30% income tax, how can anybody pay 18% or 28% GST? Should GST be 9% max on any item?
After paying 30% income tax, how can anybody pay 18% or 28% GST? Should GST be 9% max on any item?
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Subin VR, Chartered Accountant,FCA, DISA (ICAI) 
Answered on March 08,2021
Income Tax and GST is different. GST is a tax on goods and services and you have to pay the same upon purchasing any goods or services. On the other hand Income Tax is a tax on Income. If your income is above 2.50 lakhs in a year, then only you are liable to file income tax returns.
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