Lokendra Singh, University of Petroleum and Energy Studies
ABSTRACT
The government's primary and largest source of revenue comes from taxes. Tax revenue is used by the government for a number of initiatives aimed at advancing the country. The three-tier federal structure of the Indian tax system is well-designed. The foundation of a country's economy is its taxation system, which maintains revenue consistency, controls economic growth, and stimulates its industrial activity. The Union Government, the State Governments, and the Local Bodies make up the three-tier federal system of India, and they are each given authority over the various taxes and levies that are levied there. Local councils and municipalities would be considered local bodies. According to the Constitution, the Indian government is permitted to impose taxes on individuals and organisations. The right to levy or charge taxes, however, has not been granted to anyone other than the authority of law, according to Article 265 of the Indian constitution. So In these paper we study the structure of taxation and the study about Goods and service tax.
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