Regarding gst

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P. Shah (Querist)
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24 April 2016 What are the advantages if GST will be applicable in India? what about income tax . if gst will come into force in India then there will be no income tax, no sales tax and no excise and no service tax . plz anyone experts can clarify me in details so I can understand full concept

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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24 April 2016 GST is an indirect tax replaces sales tax, excise and service tax. Income tax is a direct tax and continue to be there after GST.

Rupesh Jain

Rupesh Jain (Expert)
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26 April 2016 GST IS REPALCE MENT FOR INDIRECT TAX SALES Tax, excise duty but it is not complete replacememnt for indirect tax due to state govts not accetped as currently using wrold wide.

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 April 2016 It is complete replacement of Indirect tax.