GST is a dual taxation model one is Central Goods and Service Tax and another is State Goods and Service Tax.
GST is depended upon supply of goods and services. Supply does not mean sale it is inclusive in nature.
Every person if his total income or the total income of any other person in respect of which he is assessable during the previous year exceeds the maximum amount which is not chargeable to tax.
Tax Deduction Account Number is a 10-digit alphanumeric number issued by the Income-tax Department
Filing the ITR will help individuals when they have to apply for a vehicle loan, House Loan, etc. Bank will ask for a copy of ITR
ITR -1 Form is a simplified one-page form for individuals having income up to Rs 50 lakh
The ITR 3 is applicable for individual and HUF who have income from profits and gains from business or profession.
The ITR-4 Form is the Income Tax Return form for those taxpayers, who have opted for the presumptive income scheme as per Section 44AD, Section 44ADA and Section 44AE of the Income Tax Act.
Filing the ITR will help individuals when they have to apply for a vehicle loan, House Loan, etc. Bank will ask for a copy of ITR.
Companies other than companies claiming exemption under section 11 must furnish their income tax must in ITR-6 Form.