GST paid by income tax payers should be free from income tax calculation

GST paid by income tax payers should be free from income tax calculation

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SK jain started this petition to Nirmala sitrama ji (Hon Finance minister)

Income tax charged on income of a financial year should give exemption on amount of GST which is already paid back to govt.charging income tax on GST is tax on tax amont.

This will have benefits..

1)Govt GST collection will  go high at least double as every body will take things on GST which will directly reflect by PAN no in form26 AS..

2)it will avoid tax on tax.

If one earns 10 lacs in a year and buys things paying back 1 lac as GST...we should not take  income tax on that 1 lac which already gone back .

 

3)if govt makes amount of  2 lacs of GST tax free...tax effect will be max 60 k...but this 2 lacs GST will surely come in treasury.there will be better GST transparency,quality and accountability of products will also improve.

Please accept or reject the proposal on merits /demerits with reasons .This plea is is fit case as PIL also may be tried under Hon Apex court.

 

 

 

 

 

 

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