The legal framework of taxation in India is a complex system that has evolved over the years to meet the economic and social needs of the country. The Constitution of India provides the basic framework for taxation, and various acts, rules, and regulations have been enacted to govern the levy…
The Scheme of taxation in India is comprehensive and multifaceted, encompassing various direct and indirect taxes levied by the central and state governments. The tax structure has evolved over the years to adapt to economic changes, promote fiscal discipline, and align with global best practices. The scheme of taxation in…
Goods and Services Tax (GST) in India was introduced to replace a multitude of indirect taxes levied by both the central and state governments. The implementation of GST aimed to simplify the tax structure, reduce the cascading effect of taxes, and create a unified market. Before the introduction of GST,…
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