and assortment of assessments and charges in their purviews. In the course of the most recent couple of years, the Central and many State Governments have embraced numerous changes in arrangement detailing and executions for the goal of Ease of working together and normal endeavors on disentanglement of cycles towards incredible consistency, straightforwardness and robotization. Presentation of GST is one of such changes to dispose of the falling impact of charges and to defeat the intricacies in different aberrant assessment systems in India. As a firm of Chartered Accountants, we at Lex N Tax center around giving the best consultancy to meeting your duty compliances on schedule. Tax collection is a particular and tremendous space where right translation and investigation abilities are required. Our group of specialists have the essential information and specialized aptitude to do burden arranging, organization, documentation and portrayals. Lex N Tax Associates is known for the best Direct Tax and Indirect Tax services. The development of indirect taxes After the financial crisis, the governments of many countries still have strong funding needs. Whether it is financing the economic stimulus plan or gradually making up for the funding gap caused by the economic shock, indirect taxes have proven to be the first choice for income generation for many years and will continue to be so in the future. The large number of advocates who promote the shift from direct to indirect taxes can explain this trend, such as the International Monetary Fund (IMF), the Organization for Economic Cooperation and Development (OECD), and the European Commission. Some international studies have shown that value-added tax (VAT) has the least impact on economic growth, while corporate income tax has a negative impact on economic growth. Another important reason for this sustained development is that in the context of international tax competition and economic weakness, it is not allowed to levy more and more corporate or personal income taxes. Indirect taxes, by definition, are borne by consumers, do not depend on profits, and are limited by the economic situation. Indirect taxes mainly generate more income in three ways: Expansion of value-added tax or consumption tax system According to the OECD's "Consumption Tax Trends, 2014", as of January 1, 2014, 164 countries in the world have levied value-added tax, of which Africa accounts for 46 countries, North America 1 and Central America and the Caribbean There are 12 in South America, 28