TAXATION SYSTEM IN INDIA

AUTHORS – AYUSHI KASHYAP* & UJJWAL KUMAR SINGH**, STUDENT* & ASSISTANT PROFESSOR** AT LAW COLLEGE DEHRADUN, UTTARANCHAL UNIVERSITY, DEHRADUN, UTTARAKHAND, INDIA

BEST CITATION – AYUSHI KASHYAP & UJJWAL KUMAR SINGH, TAXATION SYSTEM IN INDIA, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 4 (2) OF 2024, PG. 406-417, APIS – 3920 – 0001 & ISSN – 2583-2344.

Abstract

The objective of this research is to thoroughly analyse many facets of the tax system in India.
According to the author’s observation, although there is a well-defined allocation of taxing authorities between the Central government and the State governments as stated in the Constitution, the Indian tax system has been very The tax system is intricate since it involves many taxes, numerous tax compliance regulations and procedures, ineffective tax administration, and various other concerns. Furthermore, this study aims to examine the historical progression of the Indian tax system across three distinct time periods: taxes in ancient India, taxes during British colonial rule, and taxes in post-independence India. This analysis is complemented by a thorough assessment of existing literature on the issue. The Constitution of India explicitly outlines the taxing rights of both the Union government and the States in List 1 and List 2 of the Seventh Schedule. However, these basic tax laws have been modified throughout time by Constitutional Amendments. This research paper includes a description of various types of taxes, including direct taxes like Income tax, Corporation tax, Wealth tax, Gift tax, Estate duty, and other taxes on capital and property. It also covers indirect taxes such as Customs duties, Excise duties, Sales tax, Service tax, Value added tax (VAT), and Goods and services tax (GST). The study report ultimately outlines key concerns and obstacles pertaining to tax changes in India, while also proposing essential measures that the government should do to enhance the efficiency of the tax system.

Key Words: Critical issues, Direct taxes, Historical evolution, Indirect taxes, Tax structure.