what is indirect tax?

Answer Posted / rajinikanth(loyola)

INDIRECT TAX:

Tax payers pay indirectly ies,purchasing goods and
commodities pay services.
indirect tax r paid before the good or services reach the
tax payerexample:service tax,cst customs,excise duty.

Is This Answer Correct ?    17 Yes 19 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How does the ration analysis help in depicting profit and loss

1693


Define Salry for the following purpose 1.To calculate HRA

1735


HOW MUCH LATEST ACCOUNTING STANDARDS , TDS RATE , INCOME TAX RATE, EXCISE , VAT , SERVICE TAX & FBT RATES? (PLS. ARRANGE TO SEND THE RATES FOR ABOVE IN CATAGORY & LIMIT WISE)

2988


my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.

1512


What are direct income and indirect income

1558






Please do tell me about the questions which are asked at BACS FINAL ROUND.

1692


fd redeem interest and principal entry in tally

659


Explain Cash Basis of accounting

1568


How to reconsile vendor accountswhat to add and subtract is there any standard form please get me answer

1205


what is Calculation of Gross Profit Or Gross Loss?

1746


what is ZBA hold & balance hold in banking?

1803


how Mis reports are used?n why it is used ? explain

1527


what amounts to appropriation of profits? When provision for taxation does not amount to appropriation of profits?

1783


what is investment banking

1469


how there prepare bank interview

1604