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Read daily GST News today in Hindi, GST News & Updates. Short GST News and GST Due Dates Compliance Due Dates Updates. GST latest notifications, GST News Explore detailed insights on the Indian income tax system, updated tax rates for FY 2025-26, & tax -saving strategies. Simplify your tax concept here. Understand key tax concepts in India, including income tax , GST, corporate tax , and more. Learn about tax laws, compliance, and regulations in simple terms. What is Tax ? Meaning, Tax Concepts , and Types of Taxation The full form of tax is taxation, which is a mandatory financial charge imposed by a government on an individual's income, a company's profits, or the cost of goods, services, and transactions to fund government activities, including public services. This blog explores the fundamental tax concepts , delving into its meaning, helping you understand what is tax and how it shapes our economy.