Re:$35 smart calculator for small shops
by ska on Monday December 11, 2023 @04:21PM
(#38605644)
> Or is tax evasion generally not an issue among smaller merchants in India?
I've read income tax evasion is nearly endemic there, but don't know how reliable that was. In retail the more likely problem is avoiding collecting sales taxes etc, but India has a goods and services tax which means most of that is baked in by the time you hit retail.
I've read income tax evasion is nearly endemic there, but don't know how reliable that was. In retail the more likely problem is avoiding collecting sales taxes etc, but India has a goods and services tax which means most of that is baked in by the time you hit retail.