Q. Which of the following is an indirect tax?
Solution:
Direct tax
A direct tax is a tax that a person or organization pays directly to the entity that imposed it.
Indirect tax
An indirect tax is a tax that is levied upon goods and services before they reach the customer who ultimately pays the indirect tax as a part of market price of the good or service purchased.
Service tax
Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers.
Related Questions
Q. Who among the following was the Governer general of British India with the longest tenure?
View SolutionQ. The viceroy who had lost one eye in the First world war was
View SolutionQ. Who introduced the postal system in India?
View Solution
Get Question Bank
Strengthen Your Practice with our comprehensive question bank.
