Reforms in direct and indurect taxes in india
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The proposed Goods and Services Tax (GST) is expected to broaden the base of indirect taxes, comprehensive administrative and legal reforms are required to curb massive evasion of direct taxes in India.
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On the other hand, indirect taxes are collected by the government from an intermediary and are applied on the manufacture or sale of goods and services. Sales tax, value added tax, service tax, excise duty and custom duty are prime examples of indirect taxes.
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