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​Tata motors: Tata Motors, Kingfisher owe over Rs 1,000 crore each in indirect tax - Times of India

#GSTrate will make a common indirect tax code applicable in India and this will be helpful for business as well consumer.

from The Economic Times

Industry welcomes new GST rates; Aam aadmi's grocery bill may not rise

India finalized a four-tier Goods and Services Tax (GST) structure – ranging from 5% to 28% – taking a significant step towards implementing the biggest reform of indirect taxes, which the government hopes will shield the common man from price shocks.

Practical Approach to Direct and Indirect Taxes with Problems and Solutions Check more at

Today, a plethora of taxes are being paid by the tax payers. With #GST, the tax payer would pay only one consolidated tax instead of many taxes like State Value-Added Tax (#VAT), Central Excise, Service Tax, Entry Tax or Octroi and a few other indirect #taxes. After the clearance of the GST bill, it would be the biggest indirect tax reform since 1947. For further query contact CAC Networks at 1844-441-0555

Economics- Understanding Taxes includes tutorials, lesson plans, and role playing simulations to help students (middle school & up) learn about taxes. The topics range from taxpayer rights, indirect taxes, the politics of taxes, and more! Self-paced modules on tax preparation are also available from this source. Both teachers and students can use this resource!!