THE GREATEST GUIDE TO HISTORY OF INDIRECT TAX

But several consider them to generally be regressive taxes as they might bear a heavy stress on people with lessen incomes who end up paying out the same level of tax as people who make a better income. Tax evasion: Direct taxes are at risk of tax evasion, as men and women and organizations may perhaps try to underreport their income or engage

The report also highlights that businesses are more and more depending on technology to handle compliance, cut down manual labor, and improve the efficiency of tax procedures. The integration of CGST, SGST and IGST in the GST framework generates a seamless tax credit mechanism allowing organizations to say ITC of taxes paid at Each individual phas