Advertisements
Advertisements
Question
- What type of tax is this?
- When do we pay this tax?
Short Note
Solution
- The type of tax depicted in the given picture is Indirect tax.
- When we purchase products or services. We pay this form of tax since it is included into the price of the goods and services.
shaalaa.com
Types of Taxes
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
This taxation is a very opposite of progressive taxation.
Match the following:
1. | Principle of taxation | Direct Tax |
2. | Estate tax | Goods and Service Tax |
3. | Excise Tax | Adam Smith |
4. | 01.07.2017 | Less elastic |
5. | Direct Tax | Indirect Tax |
Write name of taxation types and draw its diagram.
Distinguish between the direct and indirect tax.
Explain the direct and indirect tax with examples.
In India, taxes are including
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 |
______ was the first country to implement GST in 1954.
Wealth tax is an example of ______.
Explain in brief two merits of direct tax.