INDIA THINGS TO KNOW BEFORE YOU BUY

But quite a few take into consideration them for being regressive taxes as they can bear a hefty burden on individuals with lessen incomes who wind up spending precisely the same number of tax as people that make a higher profits. The GST officer will assess the applying and approve the GST registration inside of a few Performing times. If any

An indirect tax is collected by an intermediary (for instance a retail store) from the person (including The buyer) who pays the tax A part of the price of a purchased superior. The intermediary later on files a tax return and forwards the tax proceeds to authorities Together with the return. Reverse Charge system (RCM) is a system in GST wherever