Introduction: To protect human life from the spread of the COVID-19 outbreak Indian Government preferred for a complete nationwide lockdown. Due to the nationwide lockdown, the control of COVID-19 was significant but at the same time, it had a very worse impact on economic activities. Due to the decline in Read more…
Introduction: GST is referred to as the Goods and Services Tax. It is an indirect tax that has replaced other indirect taxes in India, such as excise levy, VAT, tax on utilities, etc. The Goods and Service Tax Act was passed in Parliament on 29 March 2017 and came into Read more…
INTRODUCTION The word tax comes from its Latin root ‘taxare’ which means to estimate. The taxation system in India traces its origins from texts like Manusmriti and Arthashastra. As mentioned in these texts, traders, handicrafts workers, farmers, would pay taxes in the form of silver, gold, and agricultural produces. Taking Read more…