Introduction of TDS Introduction of TDS,The concept of Tax Deducted at Source (TDS) was implement to streamline the process of tax collection, enhance adherence to tax regulations, and tackle the diverse issues encountered by tax authorities. Here are some reasons why TDS was introduced: Revenue Assurance: TDS helps in ensuring a steady flow of… Read More »
GST Tax Imposed The imposition of the Goods and Services Tax (GST) occurs when there is a taxable provision of goods or services, ensuring its uniqueness.. In most countries that have implemented GST, including India, the tax is levied at the point of supply, which is generally the time of sale or provision of goods… Read More »
Introduction What does it mean when we say GST is a destination based tax? Goods and Services Tax (GST) is a revolutionary tax reform that has streamlined indirect taxation in many countries, including India. One of its key features is that it is a “destination-based tax. ” This means that the government levies tax at… Read More »
Introduction Taxation has been a fundamental part of human civilization for thousands of years. Governments worldwide rely on taxes to fund public services, maintain infrastructure, and regulate economies. The concept of taxation has evolved significantly, but its origins can be traced back to ancient civilizations. Understanding the history of taxation helps us appreciate its role… Read More »
