Introduction to Direct & Indirect Tax

Introduction to Direct & Indirect Tax is a comprehensive and student-friendly guide that provides a clear understanding of the fundamental concepts of taxation. The book is designed to build a strong foundation in both direct and indirect taxes, helping learners grasp the structure and functioning of the taxation system.

It covers key areas such as the basic principles of taxation, types and classification of taxes, and the overall tax structure. The text introduces direct taxation with an overview of income tax concepts and essential provisions, along with important aspects such as PAN and e-filing. It also explains the evolution and framework of indirect taxation, focusing on GST, its structure, input tax credit, registration, returns, and compliance.

Written in a simple and structured manner, the book emphasizes conceptual clarity, practical relevance, and current taxation practices. It helps readers understand the role of taxation in economic development and equips them with the knowledge required for academic and professional growth.

An ideal resource for learners, this book serves as a reliable guide for understanding taxation principles and their application in real-world scenarios.

This textbook is aligned with the revised syllabus as outlined by the National Education Policy 2020 (NEP 2020) for the Commerce and Management Faculty at K.B.C. North Maharashtra University, Jalgaon, effective from June 2025.