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The mindset of the consumers in India is changing and shopping from a retail stores has become a status symbol. Moreover people prefer shopping from organized retail stores as these turn out to be a one stop buying , thus saving the time and money while some also consider it conducive for personal safety. This project has been undertaken to study the Indirect Taxation and analyze the Profit of the Reliance Retail Value Stores in Ranchi. The Reliance Retail Value format stores chosen for this project are the stores that offer a wide range and assortment of products required for daily household needs. This book has been divided into two parts. The first part deals with the Indirect Taxation, as followed in a retail business, revealing an exhaustive description of the same with details of the Jharkhand (India) Value Added Tax Rules and Central Sales Tax Act 1956. The next part of this book is Profit Analysis which is done on the basis of Sales Analysis, Footfall conversion analysis,Average Bill Value and Shrink & Dump.