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7th October 2021 (5 Topics)

India launches TIWB in Seychelles

Though India has introduced far-reaching reforms in the domains of both direct and indirect taxes, it remains largely a tax non-compliant society as evident from the low tax-to-GDP ratio. Analyze. (250 Words)

Approach:

  • Introduce by giving a definition of direct and indirect tax.
  • Enumerate the reforms taken by the Government to improve tax compliance
  • Enumerate the reasons of low tax compliance in India
  • Way Forward and Conclusion

Verifying, please be patient.

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