Updates:
ITR filing is the process through which a taxpayer must record his total income earned during the fiscal year. Individuals can file their taxes through the Income Tax Department's official portal. It has been notified in seven different forms.
GST is one indirect tax for the whole nation, which will make India one unified common market. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. The final consumer will thus bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages.