what indirect tax and in that whats include
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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.
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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 |
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