Q. Which among the following is not an indirect tax?

A
Corporation Tax
B
Service Tax
C
Custom Duty
D
Excise duty
Solution:
  • Indirect tax is levied on goods or services rather than individuals and is ultimately paid by consumers in the form of higher price. Egs– Excise Duty, Sales Tax, Entertainmnt Tax, Customs Duty.
  • Raja Chellaiah was the chairman of tax reforms committee.
  • The new committee which suggested reforms in direct and indirect tax is Kelkar Committee.
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