Even After Gst, Should People Need To Pay Income Tax?

1.	Even After Gst, Should People Need To Pay Income Tax?
Answer» GST being an indirect tax levy that seeks to replace transaction TAXES, the same would not have an IMPACT on income tax, which is a tax on income. Therefore, income tax would continue to APPLY on the income of individuals and BUSINESSES as is being applied presently. GST being an indirect tax levy that seeks to replace transaction taxes, the same would not have an impact on income tax, which is a tax on income. Therefore, income tax would continue to apply on the income of individuals and businesses as is being applied presently.

Answer»

GST being an indirect tax levy that seeks to replace transaction TAXES, the same would not have an IMPACT on income tax, which is a tax on income. Therefore, income tax would continue to APPLY on the income of individuals and BUSINESSES as is being applied presently.

GST being an indirect tax levy that seeks to replace transaction taxes, the same would not have an impact on income tax, which is a tax on income. Therefore, income tax would continue to apply on the income of individuals and businesses as is being applied presently.

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