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Indirect Taxes in India

Indirect Taxes in India: Meaning, Types, Features, and Detailed Explanation

Introduction Taxation is one of the most important pillars of any nation’s economy, as it provides the government with the financial resources necessary to run the administration, build infrastructure, provide public services, and maintain law and order. Broadly, taxes in India are categorized into Direct Taxes and Indirect Taxes. Indirect taxes have undergone a significant…

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Types of Direct Taxes in India

Types of Direct Taxes in India

Introduction Taxation is the backbone of any nation’s financial system. It ensures the availability of resources for public expenditure and supports the overall economic framework of a country. In India, the taxation system is broadly divided into direct taxes and indirect taxes. While indirect taxes are levied on goods and services, direct taxes are imposed…

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