top button
Flag Notify
    Connect to us
      Site Registration

Site Registration

Why does an Individual have to pay income taxes and GST on every single purchase?

+1 vote
84 views
Why does an Individual have to pay income taxes and GST on every single purchase?
posted Feb 27, 2018 by Ananya Saha

Share this question
Facebook Share Button Twitter Share Button LinkedIn Share Button

1 Answer

0 votes

There are two type of taxes - Direct Tax and Indirect Tax. Income tax is a direct tax, which is required to be paid by such person whose annual Income is more than threshold limit. However, GST is indirect tax which is required to be paid by consumer through its supplier.

So, every person is paying GST indirectly, but Income tax is charged to few persons.

answer Feb 28, 2018 by Debolina Charaborthy
...