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प्रश्न
Explain how an increase in sales tax can cause an increase in price.
उत्तर
Sales tax is an example of an indirect tax, and its implementation and growth raise the market prices of products and services. The introduction of indirect taxes raises the cost of production for businesses. As a result, the market supply curve moves to the left as the equilibrium price falls. As a result, a new equilibrium is established with a lower quantity and a higher price than the prior equilibrium. As a result, the price rises.
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संबंधित प्रश्न
Income tax was introduced in india for the first time in the year ______.
______ tax is charged on the benefits derived from property ownership.
Match the following
| 1. | Income Tax | Value added tax |
| 2. | Excise duty | 1 July 2017 |
| 3. | VAT | Smuggling |
| 4. | GST | Direct tax |
| 5. | Black money | Indirect tax |
What is the aim motto of goods and services tax?
______ was a multi-point tax.
A ______ is a tax applied uniformly, taking a larger percentage of income from low-income earners than from high-income earners.
The tax is levied on the profit of corporations and companies is ______.
Explain the following
Toll Tax and & Road Tax
Assertion (A): Goods and Services Tax (GST) is an indirect tax.
Reason (R): The impact and the incidence of tax are on two different person.
Assertion (A): The rate of tax increases to a certain limit and then becomes constant.
Reason (R): This system is a combination of progressive tax and regressive tax.
