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Question
Which of the following is not a direct tax ?
Which of the following is not a direct tax ?
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Solution
The correct option is D Sales Tax
A sales tax
is a consumption tax imposed by the government on the sale of goods
and services. A conventional sales tax is levied at the point of sale,
collected by the retailer and passed on to the government. A business is liable
for sales taxes in a given jurisdiction if it has a nexus there, which can be a
brick-and-mortar location, an employee, an affiliate, or some other presence,
depending on the laws in that jurisdiction.
A sales tax is a consumption tax imposed by the government on the sale of goods and services. A conventional sales tax is levied at the point of sale, collected by the retailer and passed on to the government. A business is liable for sales taxes in a given jurisdiction if it has a nexus there, which can be a brick-and-mortar location, an employee, an affiliate, or some other presence, depending on the laws in that jurisdiction.
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