The Companies Act 2013, has come into force with effect from 30th Aug 2013.it controls the Companies operating in India. The main purpose of this Act is, to regulate the companies for better governance, and better facilitation of business with the spirit of the law.
The GST Act, 2017, has come into force with effect from 1st July 2017. it has replaced the earlier VAT, Sales-tax, service tax, excise duty etc. Gst is an Indirect tax shared with States based on the final consumption basis.
The income tax is a Direct tax to be collected from Individuals, businesses, and other persons, who have a net taxable income above the limit specified by the Government of India.
