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Showing posts from November, 2018

Changes in Tax [Part 1]

The tax has become an integral part of the current situation. The main purpose of this study is to find out how the tax changes in history and the current tax system. There is a different tax for a different purpose and for a different reason but they all created to finance the government. They have started tax way back in 1799 where The Britishers collect the tax to fund the war against French and this laid the foundation of modern tax. In history, most of the tax was collected for funding wars but they have changed the definition of war for the upcoming years. Nowadays tax is been the main revenue for the government for financing its various activities. Tax changes over time.  As time changes the collection of tax also changed.  In India there is a different tax like Income tax, VAT, Excise duty etc. but all these taxes are replaced by GST. But what is tax how it starts and how many taxes are there in India till now? Before GST there