Is excise duty a direct tax 2024?
I'll answer
Earn 20 gold coins for an accepted answer.20
Earn 20 gold coins for an accepted answer.
40more
40more
Works at the International Committee of the Red Cross, Lives in Geneva, Switzerland.
If the taxpayer is just a conduit and every stage the tax-incidence is passed on till it finally reaches the consumer, who really bear the brunt of it, such tax is indirect tax. Example: - Excise Duty, Customs Duty, Sales Tax etc. Excise Duty is an indirect tax levied and collected on the goods manufactured in India.
2023-05-16 23:59:13
评论(499)
Helpful(122)
Helpful
Helpful(2)

Isabella Kim
QuesHub.com delivers expert answers and knowledge to you.
If the taxpayer is just a conduit and every stage the tax-incidence is passed on till it finally reaches the consumer, who really bear the brunt of it, such tax is indirect tax. Example: - Excise Duty, Customs Duty, Sales Tax etc. Excise Duty is an indirect tax levied and collected on the goods manufactured in India.