Paper Key : IRJ************112
Author: K.santhi Babu,Pof.jaladi Ravi,S.deekshitha
Date Published: 27 Oct 2023
Abstract
The primary method used by the government to raise money to support various forms of development is taxation. In India, there are essentially two sorts of taxes: direct taxes and indirect taxes. Three lists in the seventh schedule of the Indian Constitution served as the foundation for the indirect tax system in that country. These lists mostly referenced the 1935 Government of India Act. Due to changes in technology, circumstances, etc., the indirect tax structure was extremely complicated and ineffective.. Excise duty, customs duty, service tax, VAT, MODVAT, and other taxes are introduced by the government in response to requirements and needs. All these alterations by the government may lead to the implementation of GST.
DOI LINK : 10.56726/IRJMETS45548 https://www.doi.org/10.56726/IRJMETS45548