Impact of GST on the Retail Sector in India
The tax structure in India was complicated, a challenge that many businesses in India faced. Under the NDA government, a new reform was brought to the tax structure. These reforms were in the form of introducing the Goods and Services…
Tax Planning Advantages and Disadvantages
When you are earning, you are subjected to income tax. The tax rates are significantly higher for high-income individuals. You don’t pay taxes on the full pay, but you calculate the taxable income to calculate the tax. The taxable income…
The Impact of GST on The Used Car Market in India
India is the largest democracy thriving in every type of business. India is also a country that is about to cross China in population. So, it would not be wrong to say that people here have demands for a certain…
Value Added Tax (VAT) Advantages and Disadvantages
Value Added Tax, also known as VAT, is imposed on a product or a service at every step in the supply chain. The logic is simple, stating that if the product’s value is enhanced, then the value-added tax should be…
Direct Tax Advantages and Disadvantages
As a citizen of any country, you pay different types of taxes. These taxes can be classified into direct tax and indirect tax. Paying these taxes is not discretionary, and the calculations are based on the slabs given by the…
