CA Ankit Gupta

Indian Taxation system is divided in to two segment, Direct Tax and Indirect Tax. As the name suggests, direct taxes are those that are levied directly on taxpayers — the income-tax, wealth tax, corporation tax, etc. In other words, it is a type of tax where the impact and the incidence fall under the same category. An indirect tax is one that is not paid directly by a person to the government but collected by an intermediary and passed on to the government. Indirect taxes are imposed on goods and services on the basis of production, supply, sale or purchase of products or provision of services, in the form of goods and services tax (GST)