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what is indirect tax?
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Answer / vishal
I think Direct Tax means,'Any income accrued/received by
any 'Person')liable to pay directly to GOVT.'.
INDIRECT TAX: 'Any expenditure incurred/accrued on any
goods/services is eligile for tax by any 'PERSON'liable to
pay indirectly to GOVT.
| Is This Answer Correct ? | 43 Yes | 33 No |
Answer / kaushal jha.
Direct tax means the amount which generate from taking
services, in other words tax amount alredy included in the
price which we pay and that part of amount is deposited as
tax by other person on behalf of customer that is called
indirect tax.
| Is This Answer Correct ? | 16 Yes | 7 No |
Answer / gauranga mahala
indirect tax are those tax which are indirectly deposited
by taxpayer(custmoer)through others(manufacturer,wholesaler,
retailer)&the border of deposit of indirect tax is on the
producer,wholesaler,retailer& not on the consumers. example
EXAMPLE of indiracttax are:-
centralexciseduty,customduty,salestax(VAT),servicetax.
| Is This Answer Correct ? | 12 Yes | 3 No |
Answer / rama
Indirect Tax is charged not directly its charged by the
other third party but paid by the 1st (seller) to the gov.
For eg: we sale product Rs.200 to the party in this the
seller (1st party) add VAT @12.5% that means total amount
is R.225. then 2nd party sale the product in the market to
consumer with inclusive VAT . But the seller will submit
the tax to the gov. But this tax is paid by consumer.
| Is This Answer Correct ? | 21 Yes | 13 No |
Answer / abhijeet khandale
indirect tax mens amount which is idirectly included in
price of goods & which collected by manufacture from
dealer, by dealer from distributer, by distributer from
consumer. hear consumer paid tax indirectly to manufacture.
so this type of tax calledas indirect tax.
| Is This Answer Correct ? | 19 Yes | 11 No |
Answer / amrita
an indirect tax (such as sales tax, value added tax (VAT),
or goods and services tax (GST)) is a tax collected by an
intermediary (such as a retail store) from the person who
bears the ultimate economic burden of the tax (such as the
customer).
| Is This Answer Correct ? | 12 Yes | 5 No |
Answer / suleman apenteng
Indirect taxes – include VAT and a range of excise duties
on oil, tobacco, alcohol. The burden of an indirect tax can
be passed on by the supplier to the final consumer –
depending on the price elasticity of demand and supply for
the product.
| Is This Answer Correct ? | 12 Yes | 6 No |
Answer / jitender arora
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 ? | 12 Yes | 6 No |
Answer / vinod agrawal aicar b school
tax has been classified in two types direct tax and
indirect tax direct tax can not be trasfered to another
person where as indirect tax can be trasfered to another
person. direct tax is charged on persons and inderect tax
is charged on commodities. indirect tax collected by
manufacturer from distributor and distributor from retailer
and then retailer from consumer that means indirectly
collected from consumer in chain process where as direct
tax is olny collected from assessee
| Is This Answer Correct ? | 12 Yes | 7 No |
Answer / raosaheb gunjal
Indirect tax is opposite of direct tax. Indirect tax is not
related to indivisual besis, its recovered from indirectly
to consumer through the verious bulk quantity of goods or
services. In short Indirect tax means central excise tax
under the income tax act 1961.
| Is This Answer Correct ? | 2 Yes | 0 No |
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