Income Tax is a direct tax while GST is one indirect tax for the whole nation, which will make India on unified common market
Income Tax is a dirext tax while GST is a single tax on the suply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, whick makes GST essentially a tax only on value addition at each stage. The final consumer will thus bear only the GST charged by the last dealer in the supply chain, wit set-off benefits at all the previous staes.
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