Direct & Indirect Tax Services

Taxation

Direct and indirect taxes play distinct roles in India’s tax structure:

Direct taxes, applicable to individuals and corporate entities, involve the taxpayers bearing the burden of paying taxes on their incomes. This includes personal income tax, corporate income tax, and capital gains tax. The responsibility for tax compliance rests directly with the taxpayers.

In contrast, indirect taxes are imposed on the sale of goods and services. Sellers are responsible for collecting and depositing these taxes, but the ultimate burden falls on the end consumers who bear the cost. Examples of indirect taxes in India include the Goods and Services Tax (GST), excise duties, and customs duties.