what is indirect tax?
- 48 Answers
- 87812 Views
- Capital IQ, I also Faced
- E-Mail Answers
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 |
Expand--------ADCB
what is status report? and flow report?
Hi..! Frineds plz give a suggesion.I want to join in m.com (i.s.), What is features of this course.
why the debit balane of p&l a/c shows in asset side of balancesheet
if sale aganst c form interstate sale.when i file the return party not give me c form then give by our company wich type panelty give me detail?
in cash transaction, above Rs.20,000/- is invalid for auditing but what if above Rs.20.000/- transaction is made & how much tax will be paid if transaction is above Rs.20,000/-
Expand-------MTRS
Discuss the role of cost accounting in managerial decision making?
What is meant by budget? Explain briefly
sort out the difference between service provider & service reciepient from the service tax.
EXPAND_________SCM
in Accounts we are using provisions ? what is provisions?
Audit 
