Answer Posted / trupti
THERE ARE TWO TYPE OF TAXES ONE IS DITECT TAX & ANOTHER IS
INDIRECT TAX. DIRECT TAX IS A TAX ON INDIVIDUAL PERSON
WHEREAS INDIRECT TAX IS A TAX ON GOODS & SERVICES. IN CASE
OF DIRECT TAX BURDEN OF TAX CAN NOT BE SHIFTED BUT IN CASE
OF INDIRECT TAX BURDEN OF TAX CAN BE SHIFTED.EG OF INDIRECT
TAX IS SERVICE TAX, SALES TAX, VAT ETC.IN CASE OF INDIRECT
TAX, TAX MAY BE INDIRECTLY COLLETED FROM CONSUMER,
RETAILER, OR MANUFACTURER.
| Is This Answer Correct ? | 96 Yes | 20 No |
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