A business should be responsible to the government in the following ways:
Obeying Laws and Regulations – The business must follow all rules, laws, and policies made by the government, such as labour laws, tax laws, and environmental laws.
Paying Taxes Honestly – It should pay all taxes (like income tax, GST , customs duty, etc.) on time and honestly.
Avoiding Corruption and Unfair Practices – The business should not indulge in bribery, black marketing, or hoarding.
Supporting Government Policies – It should cooperate with government programs for economic development, exports, and employment generation.
Protecting National Interests – The business must not engage in activities that harm national security or public welfare.
11 Views