NOT KNOWN FACTUAL STATEMENTS ABOUT INDIRECT TAX

product sales tax (in addition to a corresponding use tax) is the first indirect tax in The usa. Sales tax is really a tax on purchaser expenses and it is collected on sale transactions. Most jurisdictions in the US need that the seller collects gross sales tax about the sale of taxable goods or products and services and remit the tax to the suitab

The quest for an appropriate indirect tax framework in India encompassing goods as well as products and services started quite a while back. The constitutional assignment of powers for taxation in India involved numerous stand-by itself taxes on items and solutions Together with a handful of reasonably additional broad-based taxes, none of which we