industry experts emphasise the requirement of transitioning from higher tax fees to some income-targeted solution by moderate fees and broadening the tax foundation to attain 'Viksit Bharat' by 2047. two. Restructuring of premiums: The inverted obligation framework, especially in the pharma and textile sectors continues to be a make any difference
Reverse-charge mechanism (RCM) also has disadvantages. A drawback is it can result in funds flow complications to the recipient. The recipient has to shell out the tax beforehand and then assert the refund. India is a rustic wherever you'll find structured and also unorganized sectors. The Government faces huge difficulty in assortment of taxes fr
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