GST is an indirect tax levied by the government on the supply of goods and services. This tax law is not limited to any particular state and the main point is it removes the cascading effect. Want to know more do visit GST .
people who have income from own business and who are registered under GST (Goods & Services Tax) are required to provide GST details in their Income Tax Return. Taxpayers who have income from salary or other sources are required to file ITR 1 and 2 respectively, no GST details are required to be given in these ITR’s. 15th October 2018 is the Due date of filing the Income Tax Returnby businesses (Audit Required).
In terms of daily expenses breakfast items like corn flakes, coffee, tea and condensed milk prices are going down and if you are thinking of buying a small car is also cheaper now.