Taxes are a crucial component of a nation's economy, providing revenue for government functions and public welfare. In India, taxation is classified into Direct Taxes and Indirect Taxes. While direct taxes are levied on income and profits (e.g., Income Tax), indirect taxes are imposed on goods and services, making them applicable to consumers at the point of purchase. An indirect t... https://www.corpzo.com/what-is-indirect-tax-in-india-and-its-types