GST- GOODS & SERVICEC TAX
In simple words, Goods and Service Tax (GST) is an indirect tax levied on the supply of goods and services. This law has replaced many indirect tax laws that previously existed in India.
GST is one indirect tax for the entire country.
INCOME TAX
Income tax is a direct tax that a government levies on the income of its citizens. The Income Tax Act, 1961, mandates that the central government collect this tax. The government can change the income slabs and tax rates every year in its Union Budget.
Income does not only mean money earned in the form of salary. It also includes income from house property, profits from business, gains from profession (such as bonus), capital gains income, and 'income from other sources'. The government also often provides certain leeway such that various deductions are made from an individual's income before the tax to be levied is calculated
​
ACCOUNTING SERVICES
Accounting, called the “language of business” is used to measure the results of an organization’s economic activities and conveys this information to investors, creditors, management, and regulators. The persons who deals with accounting are known as accountants. Accounting can be divided into several fields including financial accounting, management accounting, auditing, and tax accounting.
TAX MANAGEMENT
Every assessee liable to pay tax needs to manage his/her taxes. Tax management relates to the management of finances for payment of tax, assessing the advance tax liability to pay tax in time. Tax management has nothing to do with planning to save tax it is just related with the operational aspect of payment of tax i.e. while managing his taxes a person ensures that he/she is making timely payment of taxes without running out of the money and he is complying with all the provisions of the law. Tax management means, the management of finances, for the purpose of paying tax.