In the third edition of our GST Newsletter, we take you along a journey and discuss the history of indirect taxes. We focus on the evolution of these taxes, over time post the independence of our nation. We talk about how taxation has played an important role in contributing to economic growth and is the major source of revenue to the government. We have also summarized recent amendments, circulars, and due dates for the month of August 2021.
In this newsletter we discuss the following:
- What was the taxation after Independence and the Indian Constitution’s Role?
- Customs – The First Modern Tax To Be Levied
- Excise – The Tax That Influenced The Indian Independence Movement
- What is Goods & Services Tax, the tax that brought the Centre and the States together?
Important Notifications And Circulars For The Month Of August 2021
Every newsletter shall include the calendar for the month. We have highlighted the GST due dates that you need to be aware of for your easy reference!