Concept of GST and Difference Between Direct Tax and Indirect Tax - Part 1

This lecture explores the concept of Goods and Services Tax (GST) and examines the fundamental differences between direct and indirect taxation systems in part 1 of the series. Learn about the core principles of GST implementation, how it differs from previous tax regimes, and understand the distinct characteristics that separate direct taxes (like income tax) from indirect taxes (like GST) in terms of incidence, collection methods, and economic impact.