2
Question
Which of the following comes under indirect tax?
Which of the following comes under indirect tax?
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Solution
The correct option is C Sales tax
Indirect tax
is a type of tax collected by the government
from an intermediary such as a retailer.
The eventual burden of
the tax falls on to consumers who buy goods and services from the intermediary,
as the intermediary applies indirect taxes on the product in the form of Value
Added Tax (VAT), service tax, sales tax etc.
Indirect tax
is a type of tax collected by the government
from an intermediary such as a retailer.
The eventual burden of
the tax falls on to consumers who buy goods and services from the intermediary,
as the intermediary applies indirect taxes on the product in the form of Value
Added Tax (VAT), service tax, sales tax etc.
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