In India, what taxes can be offset against the taxes that you have already paid to vendors?

What are all the tax deductions I can claim in India?

Various Types of Tax Deductions in India

• Public Provident Fund (PPF) …
• Life Insurance Premiums. …
• National Saving Certificate (NSC) …
• Bank Fixed Deposits (FDs) …
• Senior Citizen Savings Scheme (SCSS) …
• Post Office Time Deposit (POTD) …
• Unit-linked Insurance Plans (ULIP) …
• Home Loan EMIs.

What are four types of indirect taxes?

Types of Indirect Taxes

• Goods and Services Tax:
• Sales Tax:
• Service Tax:
• Value Added Tax:
• Custom Duty and Octroi Tax:
• Excise Duty:
• Anti-Dumping Duty:
• Newly Implemented Indirect Tax (GST)

What are examples of indirect taxes?

Examples of an Indirect Tax:

• Sales Taxes.
• Excise Taxes.
• Value-Added Taxes (VAT)
• Gross Receipts Tax.