[…]  Examples of indirect tax include sales tax, entertainment tax, excise duty etc.   They are levied on the sellers of goods or the providers of service.  What Are Indirect Taxes?…

[…] national govt, state governments, and local municipal entities make up the tax structure. In India, there are two different forms of taxes: direct tax and indirect tax. Indirect taxes…

In India, income tax is a levy levied by the government with the goal of funding various functions. Direct and indirect taxes are the two main types of taxes. Income…

[…] sticking to this plan to reduce the fiscal deficit to below 4.5% by 2025-26. PART B The finance Minister Mrs. Nirmala Sitharaman provided major relief to the tax payers. The indirect tax…

In India taxation is divided in to two types Direct Tax and Indirect Tax. Taxes in India are levied by Central Government and State Government by virtue of powers conferred…

[…] tax authority may uncover additional errors if it determines that a company neglected to report its company tax obligation. For instance, businesses must apply for and pay indirect taxes…

[…] Average processing time of returns has been reduced from 93 days in the year 2013-14 t o a mere ten days this year, thereby making refunds faster. Indirect Taxes…

The Goods and Services Tax (GST) is a tax on goods and services. It is an indirect tax that has mostly superseded many other indirect taxes in India, such as…

[…] company’s financial health. Impact on Cash Flow: Misconception: Assuming that EBIT directly influences cash flow. Clarification: While EBIT is a key profitability indicator, its correlation with cash flow is indirect. Users…

[…] and services are uniformly applied across the country. Goods and services are categorized under different slab rates for tax payment. With GST Government aims to consolidate all indirect taxes…