1. Categories >> Accounting >> Taxation
  2. Suggest New Category

what indirect tax and in that whats include

Question Posted / swapnach

Answers were Sorted based on User's Feedback



what indirect tax and in that whats include..

Answer / smitha

Indirect Tax is the tax is collected from customers
indirectly and making payment to Govt by the seller. The
Indirect Tax includes VAT, CST and Excise Duty.

Is This Answer Correct ?    2 Yes 0 No

what indirect tax and in that whats include..

Answer / sindujaramkumar

indirect tax means the tax which has been paid by someone
on the behalf of the assessee (the person who pays the tax)

for eg:when we purchase the goods v pay the value of the
goods which also includes sales tax thus we dont pay the
tax to the IT authorities but on behalf of us the saller
pays the tax.

it includes the following:sales tax,CENVAT.

Is This Answer Correct ?    1 Yes 1 No

Post New Answer

More Taxation Interview Questions

Income Tax Rules related to TDS?

0 Answers  

how ur caliclate fbt ?

2 Answers   BPO,

IF the turnover of assessee is below Rs 50 lacs but profit declared is less than 5% of turnover . IS he subject to tax audit?

3 Answers  

What do you understand by transfer income?

0 Answers  

When we (Company) deduct surcharge of Contractor (above 10 Lakhs Individual, 1 Crore in case of Company) Pl confirm the meaning of 10 lakhs and 1 Crore. Either it means payment made to the contractor in a year by a company or one & more company (Aggreg. Income). Pl explan in detail.

6 Answers   Maruti Suzuki,




how & on which amt tax should be calculate on pvt ltd company or ltd company

0 Answers  

M paying salary of Rs. 22500/-, 21500/- & 17500/- to my employees, frm June 2010. I still have not deduct TDS from their salary. I have not applied for TAN No. M also paying rent of Rs. 50,000/- pm. And also have not deducted TDS on it. What should I do now?

0 Answers  

what is meaning the central excise duties

16 Answers   Excise Department,

Give the correct entry for below statement. 'A' Securiy charges 395926, Vehicle maintenance 5000 and Mobile charges 1300 and Service tax 12.36% and TDS 2.266% pl give me journal entry

4 Answers   ABC, ABY,

what is TDS & CST ????????

2 Answers   PESPL,

Our company refundable ST amount but we dont want to refund amt but i want to adjust that refund amount anywhere

0 Answers  

Journalise the following Entries? Outstanding salary of rs. 20000/- Prepaid insurance of rs. 5000/-

13 Answers   OPI Global,

For more Taxation Interview Questions Click Here
Categories