There are two types of taxes in India – direct and indirect.
Indirect tax is a tax that restaurants, theatres and e-commerce websites charge you on for goods or a service.A direct tax is a tax you pay on your income directly to the government. Indirect taxes take many forms: service tax on restaurant bills and movie tickets, value added tax or VAT on goods such as clothes and electronics. This tax is, in turn, passed down toward the government.
Goods and services tax, which has recently been introduced is a unified tax that has replaced all the indirect taxes that business owners have through deal with.
Indirect tax is a tax that restaurants, theatres and e-commerce websites charge you on for goods or a service.A direct tax is a tax you pay on your income directly to the government. Indirect taxes take many forms: service tax on restaurant bills and movie tickets, value added tax or VAT on goods such as clothes and electronics. This tax is, in turn, passed down toward the government.
Goods and services tax, which has recently been introduced is a unified tax that has replaced all the indirect taxes that business owners have through deal with.
