Streamlining Corporate Taxation: Insights into the Goods and Services Tax (GST) Act
Streamlining Corporate Taxation: Corporate taxation in India underwent a significant transformation. The introduction of the Goods and Services Tax (GST) Act aimed to streamline the indirect tax structure. Before GST, businesses faced a complex web of taxes. These included excise duty, service tax, and value-added tax (VAT). GST consolidated many of these taxes into a…