Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as retailers or producers, who then pass the payments to the government. The ...

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India Budget: Finance Minister Nirmala Sitharaman proposed in the Budget 2025 to increase the collection of direct and indirect taxes for the next fiscal year starting April 1. The move to raise tax ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. The Indian taxation system can be ...

NEW DELHI, Nov 1 (Reuters) - The Indian government said it collected more than 1.50 trillion rupees ($18.14 billion) through indirect taxes in October, buoyed by festival-related spending and hinting ...

Benjamin Franklin famously said that nothing is certain in life except for death and taxes. Taxes are so certain, in fact, that people and businesses pay them almost every day without even realizing ...

NEW DELHI, Dec 1 (Reuters) - The Indian government said it collected 1.46 trillion rupees ($17.98 billion) through indirect taxes in November, according to a government statement, which was slightly ...

The National Board of Revenue (NBR) has been administratively reformed, restructured and expanded its Customs and VAT unit, creating 12 new commissionarates, Customs Houses and specialized units. The ...

The fiscal year 2003-2004 (April-March) was wonderful for the Indian government, with unprecedented levels of tax collection.That inflow set new records for direct and indirect taxation and gave the ...

Forbes contributors publish independent expert analyses and insights. Aleksandra Bal covers indirect tax and technology developments. In the early days of blockchain technology, there was a lot of ...