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"The indirect tax system is an important part of our economy. It helps us keep prices low and encourages people to buy more goods.Despite the numerous reforms implemented over the last few years, Indiau2019s current indirect tax system is still in the development stage. It consists of a vast array of federal and state laws, rules, and regulations. In its current form, it presents special organisational issues for businesses and frequently has a big impact on cash flow, total costs, and risk exposures.
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JJJ AND JJJ AND COMPANY COMPANY LLP LLP INDIRECT TAXATION Despite the numerous reforms implemented over the last few years, India’s current indirect tax system is still in the development stage. 1 1 INDIRECT TAX REVIEW In the course of doing business, some activities may emerge that are illegal or conflicting with the law. 2 2 ADVISORY & OPINIONS India’s indirect tax system is characterised by rapid updates, which businesses must immediately embrace. 3 3 011-42610392 www.charteredaccountant.org.in