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There has been a lot of confusion between an income tax and GST since the government introduced the new tax system. It is important to understand the crucial differences between ITR and GST filing. Taxes are classified into two major categories, i.e., direct taxes, and indirect taxes. Direct tax is imposed on your income, while indirect taxes are levied on people buying goods and using services. The GST comes under an indirect tax, while the income tax is a direct tax. Go through this article to better understand taxes, ITR filing, and GST filing.
Rates given below are updated as per 31st GST council meeting held on 22nd December 2018 to the best of our information. There may be variations due to Government's latest updates. We are not responsible for any wrong information. Against each rate, Please check the ''Effective from'' date. If you need to check a rate before ''Effective from'', please check on government website.
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