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Value Added Method

Calculate Ind...

Question

Calculate Indirect Taxes from the following data:
Particulars Rs. in crores
(i) NDP at FC
(ii) Subsidies
(iii) Factor income from abroad
(iv) Consumption of Fixed Capital
(v) Factor income to abroad
(vi) GNP at MP
55,915
1,540
635
1,625
865
58,350

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Solution

Formula: Indirect tax = NDP at FC - GNP at MP + Consumption of Fixed capital + Factor income from abroad - Factor income to abroad
= 55915 - 58350 + 1625 + 635 - 865
=( - ) 1040.

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