Goods and Services Tax

— by Tejaswi K., PGP Student, IIM Ahmedabad   Introduction The word tax is derived from the Latin word ‘taxare’ meaning ‘to estimate’. Taxation has four main purposes or effects: Revenue, Redistribution, Re-pricing and Representation. The primary purpose of Taxation is revenue generation. Taxes raise funds to spend on roads, schools, hospitals, and on other... Continue Reading →

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