A tax is a legal fee or financial charge levied by the government on an individual or an organization. This Tax is used is collected as revenue for public works done by the government like – health infrastructure, education infrastructure, transport services like Metro, buses, etc.
Taxation imposes a financial obligation on its citizens or residents. The Central and State government plays a significant role in determining the taxes in India. To streamline the process of taxation and ensure transparency in the country, the state and central governments have undertaken various policy reforms over the last few years. One such change was the Goods and Services Tax (GST) related to the delivery of goods and services in the country.