Indirect tax

Tax is an important part of economy. There are two types of tax, direct tax and indirect tax. The tax that is collected by concern person, organisation and shared with state government. This type of tax is known as indirect tax.

Example- GST, Sales tax, custom excise tax.

Feature:

1. It is an important part of taxation.

2. It is an important source of revenue.

3. It is progressive. 

4. It belongs to social development.

5. It may shift

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