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Question
Which of the following are indirect taxes?
Which of the following are indirect taxes?
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Solution
The correct option is D Excise duty
Indirect tax refers to the tax whose burden can be shifted from one person to another, such as sales tax, excise duty, and customs duty. Most of the indirect taxes have been merged under the Goods and Services Tax or GST. Income tax and corporate tax are two types of direct taxes that are imposed on the income of individuals and companies, respectively.
Indirect tax refers to the tax whose burden can be shifted from one person to another, such as sales tax, excise duty, and customs duty. Most of the indirect taxes have been merged under the Goods and Services Tax or GST. Income tax and corporate tax are two types of direct taxes that are imposed on the income of individuals and companies, respectively.
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