Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as retailers or producers, who then pass the payments to the government. The ...

India streamlines its tax system by improving direct tax rules and consolidating indirect taxes under GST, aiming to curb evasion, boost efficiency, and support balanced economic participation.

Learn about the taxation system of India. Understand the difference between direct and indirect taxes and why they matter for ...

The minister said India under previous governments once had "absurd levels" of income tax whereas the Modi government ...