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Answer Posted / 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 |
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