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    Difference Between Income Tax & Sales Tax

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    Irfan Ansari
    Sales tax (also called GST) is a tax on the sale of goods or services, while income tax is a tax on one's total earnings. Some key differences are: - Sales tax is paid by customers through GST on purchases, while income tax is paid annually by individuals or businesses based on taxable income. - Sales tax registration and filing returns is required for businesses, while income tax returns can be filed by anyone regardless of business ownership. - Sales tax details are recorded by the GST department, while income tax details are recorded by the income tax department.

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    Difference Between Income Tax & Sales Tax

    Uploaded by

    Irfan Ansari
    10 views1 page
    Sales tax (also called GST) is a tax on the sale of goods or services, while income tax is a tax on one's total earnings. Some key differences are: - Sales tax is paid by customers through GST on purchases, while income tax is paid annually by individuals or businesses based on taxable income. - Sales tax registration and filing returns is required for businesses, while income tax returns can be filed by anyone regardless of business ownership. - Sales tax details are recorded by the GST department, while income tax details are recorded by the income tax department.

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    Sales tax (also called GST) is a tax on the sale of goods or services, while income tax is a tax on one's total earnings. Some key differences are: - Sales tax is paid by customers through GST on purchases, while income tax is paid annually by individuals or businesses based on taxable income. - Sales tax registration and filing returns is required for businesses, while income tax returns can be filed by anyone regardless of business ownership. - Sales tax details are recorded by the GST department, while income tax details are recorded by the income tax department.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    10 views1 page

    Difference Between Income Tax & Sales Tax

    Uploaded by

    Irfan Ansari
    Sales tax (also called GST) is a tax on the sale of goods or services, while income tax is a tax on one's total earnings. Some key differences are: - Sales tax is paid by customers through GST on purchases, while income tax is paid annually by individuals or businesses based on taxable income. - Sales tax registration and filing returns is required for businesses, while income tax returns can be filed by anyone regardless of business ownership. - Sales tax details are recorded by the GST department, while income tax details are recorded by the income tax department.

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    Difference Between Income Tax & Sales Tax

    Kai Log income Tax aur Sales tax ke Bich me Kya Fark hota hai usko Nahi Jante hai aur Thoda Bahut Confuse hote
    hai ki Aakhir Income Tax Aur Sales tax me Kya Fark hota hai aur dono ke bich me fark kya hota hai aur mere khayal se jo
    fresher hote hai wo Yahi sochte honge ki Income Tax aur Sales tax dono Ek hi hai jabki Aisa nahi hai Dono Alag Alag tarah
    ke Tax hai Even Dono Ke Departement bhi Alag Alag hote hai. To Aayiye in Dono ke Bich me Fark ko Smajahte hai

    Sales Tax Income Tax


    Aap Iske Naam se samajhne ki koshish kijiye Sales ka Income Tax ko Bhi Aap Iske name se hi samajh Sakte hai
    Matlab hota hai Bikri Arthart Sales Tax ka Matlab ho Gaya Income ka Matlab hota hai Aay Arthart Jo Tax hamari Total
    Wo Tax Jo Aapko Dwara Beche Jane Wale Product Par Income Par lagta hai use Income Tax kehte hai.
    Lagta hai use Sales Tax Kehte hai.

    Sales Tax ko Ham GST bhi Keh Sakte hai arthart Goods & Income Tax ka koi alternate Name nahi hota hai Income
    Service Tax Ya yun Kahe ki GST ka Dusra Naam hi Sales Tax Tax ko Income Tax Return hi Kehte hai.
    hai aur GST Kya hota hai wo Main aapko Already Bata
    Chuka hu.
    Jab ham Kisi Customer ko Maal Bechte hai to Customer Us Income Tax Return File Karne ke liye Kisi Firm Ke hone Ki
    Maal me Jo Bhi Hame GST Pay Karta hai Wo Tax hame Jarurat nahi hai aur na hi Aapko kisi Tarah ka Maal Bechne
    Government ko Pay Karna Padta hai. ki bhi Jarurat hai Aap Chahe jo Bhi kaam karte ho uske
    according aap apna income tax return file karwa sakte hai.

    Sales Tax ko ham GSTR3B return File karte Waqt Pay Karte Income Tax ko Ham Saal me Kewal Ek hi Baar Pay Karte hai
    hai Agar Hamari Tax Liability Banti hai to Otherwise Pay wo Bhi Financial Year Complete Hone Ke Baad aur Agar
    Karni Ki Jarurat Nahi Padti Hamari Income Taxable income hoti hai to Hi Income par
    Tax Pay Karna Padta hai Otherwise Nahi

    Jo bhi ham Maal Kharidte ya GST ko koi bhi Len den Karte Jo Bhi ham Ek Saal me kamate hai aur kisi bhi tarah ki
    hai uska Pura Bio Data Sales Tax Department ke Paas hota Sampati ka len den karte hai to uska Bio Data income Tax
    hai. Department ke Paas hota hai.
    GST Return me kisi Bhi Tarah ki Gadbadi ho Ya aapke Income Tax Return me kisi Bhi tarah ki Gadbadi ho ya
    Dwara GST ki Tax Chori ki Jati ho to Uski Karyawahi Sales aapke Dwara Income Tax Bharne me Chori Ki gai ho to uski
    Tax Department Dwara hi Ki Jati hai. Karyawahi Income Tax Department Dwara hi Ki Jati hai.

    Jo Vyakti Kisi Tarah ka Business Chala Raha hai aur uska Wo Vyakti jiske paas koi firm nahi hai aur hai bhi to GST me
    Business ya Firm GST me Registered hai to Usko GST Registered nahi hai to use GST Return File Karne ki
    Return bhi File Karne Padte hai aur Saal me Ek Baar income Aavshyakta nahi hai aur income tax bhi apni Marji ke
    Tax Return Bhi File Karna padta hai according file Karwa Sakta hai.

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