Taxation Archives - Bharat Articles

Taxation: An Essential Pillar of Economic Development

A tax is a mandatory financial charge imposed by the government on individuals and legal entities to finance public expenditures.

Understanding Tariffs: Definition, Types, Impact, and Global Implications

Tariffs: Definition, Types, Impact & Global Implications

Introduction Tariffs have long played a critical role in global trade, influencing economic policies, international relations, and market dynamics. A

MSME Reforms in Budget 2025-26: Expanding Horizons for Entrepreneurs

The Union Budget 2025-26, presented by Finance Minister Smt. Nirmala Sitharaman, introduces significant reforms aimed at bolstering the Micro, Small,

The Union Budget 2025 has brought significant revisions to India’s income tax structure under the new regime, ensuring fair taxation

GST (goods and service tax) A Comprehensive Guide

Introduction The Goods and Services Tax (GST) is a comprehensive, multi-stage, destination-based tax levied on the supply of goods and

Comparing India’s GST with Global Taxation Models: Lessons from Other Countries

In the rapidly evolving landscape of taxation, the introduction of the Goods and Services Tax (GST) in India stands out

GST Compensation Cess: Why It Matters for States’ Finances

Introduction The introduction of the Goods and Services Tax (GST) in India marked a significant shift from the previous tax

GST E-Invoicing How It Works and Its Impact on Businesses

Introduction E-invoicing under the Goods and Services Tax (GST) framework is a system introduced by the Indian government to enhance

Why Petroleum and Liquor Are Outside GST

Goods and Services Tax (GST) is a unified tax system that has replaced multiple indirect taxes in India. However, certain

Reverse Charge Mechanism (RCM) under GST A Complete Guide

The Reverse Charge Mechanism (RCM) under the Goods and Services Tax (GST) is a concept where the recipient of goods