Direct vs indirect taxes: What’s adding to centre’s tax revenue and states’ woes?
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Summary
The Union government’s gross tax revenue has shown consistent growth over the years, with direct taxes outperforming indirect taxes in recent years. But a holistic view, combining both Union and state tax collections, presents a different story. As per the total aggregate tax revenue, direct taxes account for less than 40 percent of India’s overall … Continue reading "Direct vs indirect taxes: What’s adding to centre’s tax revenue and states’ woes?" The post Direct vs indirect taxes: What’