About this document
Understanding Indirect Taxes: Definition & Types by Suhas Salehittal is a document available to read on EtoBox.
Indirect tax is a tax where the impact is shifted to another person or entity. It is collected by one entity but paid to the government by a third party consumer who bears the cost in higher prices. Examples include GST, sales tax, excise duty, customs duty, and entertainment tax. Indirect taxes are often used by governments to discreetly raise revenue since they are difficult for taxpayers to avoid and the tax burden falls on consumers.
- Author
- Suhas Salehittal
- Language
- EN