what is indirect tax?
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Answer / priyanka
indirect taxes are those taxes which have their primary
burden or impact on a single person. but that person
succeeds in shifting his burden to other.
Indirect tax is imposed on one person but paid partly or
wholly by another.Indirect taxes shifted and the incidence
of these taxes are falls on a persons other than the
orignal payers.
sales tax or commodity tax, exciese diuties,etc are some
example of indirect tax.
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / abdul wajid.
Indirect taxes are the charges that are levied on goods and
services. Some of the significant indirect taxes include VAT
(Value Added Tax), sales tax, excise tax, stamp duties and
expenditure tax.
Unlike Direct Taxes, Indirect Taxes are not levied on
individuals, but on goods and services. Customers indirectly
pay this tax in the form of higher prices. For example, it
can be said that while purchasing goods from a retail shop,
the retail sales tax is actually paid by the customers. The
retailer eventually passes this tax to the respective
authority. The indirect tax, actually raises the price of a
good and the customers purchase by paying more for that product.
| Is This Answer Correct ? | 0 Yes | 2 No |
means which tax charged on commandities or goods and
services to the govt from the consumer that is know as
indirct tax.
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / satya
Indirect Tax is those Tax which is not Direct Tax,In
Indirect tax is paid by other person and bear by other
person.
| Is This Answer Correct ? | 16 Yes | 21 No |
Answer / jayakar
the burden of tax levied on someone will be shared by the
others in the form of sales tax etc
| Is This Answer Correct ? | 6 Yes | 14 No |
Answer / hemanth danda
Where in incidence and impact is on difference persons
| Is This Answer Correct ? | 10 Yes | 21 No |
Answer / rajesh
paying taxes indirectly i.e through brokers is called
indirect taxes
| Is This Answer Correct ? | 11 Yes | 41 No |
Answer / sai
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