HISTORY OF INDIRECT TAX - AN OVERVIEW

A producer who will make biscuits buys flour, sugar and various material. The value on the inputs increases once the sugar and flour are blended and baked into biscuits. quite challenging to fulfill, the apportionment prerequisite may be satisfied only by using a capitation—a direct tax on people simply because they are human beings. to fulfill

The limit imposed on GST is the brink turnover for registration. A person engaged within an exclusive source of goods and whose combination turnover during the fiscal year will not exceed ₹40 lakhs is not really needed to sign up underneath GST. Indirect tax professionals are poised to take care of this tempo, but fast implementation of their st