what is indirect tax?
Answers were Sorted based on User's Feedback
Answer / shivani
Indirect tax is that tax which charged indirectly. Means it real burden goes to final consumer . just like vat etc. A producer sell the goods including tax, then retailer sell the goods by adding its own tax, etc . like this tax final burden goes to that person goes to final consumer who is going to purchase the goods for consumption.
In nut shell we can say a tax which is indirectly charged by seller is known as indirect tax .
Is This Answer Correct ? | 2 Yes | 1 No |
Answer / sagar arora
That everybody knows indirect tax means those taxes who are
paid by indirectly by the assessee.it means indirect tax is
paid in the behalf of cosultant.
example:service tax,vat,payrool and excise duty.these are
the indirect tax
Is This Answer Correct ? | 2 Yes | 1 No |
indirect dax is that tax which can be transferd persan to
persan.Indirect Tax is the tax which is born by the
consumer. It
is transferable from manfacturer to consumers .
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / mayur
Indirect Tax :
A tax that is not assessed on and collected from those who
are intended to bear it. Unlike a direct tax,it cannot take
individual circumstances into account. Although levied on
producers, the burden of an indirect tax may be 'shift' to
consumers.
Ex: value added tax, sales tax, payroll tax and excise
duties
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / neha
Indirect Tax is those Tax which is not Direct Tax,In
Indirect tax is paid by other person and bear by other
person.
or
Indirect Tax is the tax which is born by the consumer. It
is transferable from manfacturer to consumers like
VAT,Excise,Service Tax Ect.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / lijo
A tax which is not directly paid by the taxpayer, but it is included in his/her expenses. A sales tax is an indirect tax, you pay it when you purchase something.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / priya
* Indirect taxes are tose taxes which are paid by the tax payer indirectly while purchasing some goods or commodity and when hiring some services.
* Under Indirect taxes the impact and incidence fall on different persons.
Thus Indirect tax can be shifted from one person to another person.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / himanshu tomar
AN INDIRECT TAX IS A SUCH TYPE OF TAX ,THE BURDEN OF WHICH
CAN BE SHIFTED TO OTHER,THE IMPACT AND INCIDENCE OF
INDIRECT TAXES ARE ON DIFFERENT PERSON.
Is This Answer Correct ? | 1 Yes | 1 No |
what do Loan Loss Coverage Ratio mens describe it with examples?
What is balance sheet? How you come to know after seeing balance sheet that economic condition is good or bad any organisation?
The following suggestions are under consideration: (a) 10% reduction in price to yield an increase in sales volume from 6600 to 7400 units. Current unit price Rs. 1,000 Unit variable cost Rs. 500 Fixed cost Rs. 30,00,000 Prepare a statement comparing gross revenue, profit, contribution and P/V ratio of the two alternatives with present results. Which suggestion would you recommend?
purchases for rs100. vat @ 10% and cash discount rs 5 what is the entry passed
Salry pai dto Sharma debited to Sharma account is it correct.If not correct rectify it
can any body help me with a copy of (any month/year) bank reconsilation statement,udai_skumar@yahoo.com
Expand---------PDCB
EXPAND______________PIN
Sold goods worth Rs 75000/- inexchange of old furniture worth Rs 15000/- and balance in cash. Pass entr for it
What is Income Statement ?
Expand I G I A
I want to know how to get Appeared to the examination of State bank of India. And how can i find the question Book Series.