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In this particular small revision video clip we protect The subject of indirect taxes. the united kingdom federal government raises over £785 billion a yr in taxes – equal to around 37% of GDP. The majority of tax profits comes from 3 most important resources: revenue tax, National insurance policy contributions (NICs) and worth added tax (VAT).… Read More


In the earlier indirect tax regime, there were a lot of indirect taxes levied by both equally the state and the centre. States largely gathered taxes in the shape of Value Added Tax (VAT). each individual condition had a special set of regulations and laws. GST launched a centralised system of waybills via the introduction of “E-way bills”. Th… Read More