Excise duty is a tax on production, sale, or consumption of specific goods. Consumption taxes, including excise duties, are often regressive as they disproportionately affect lower-income individuals who spend a larger share of their income on consumption.
Point out the incorrect statement : Excise duty is
Asked in WBCS Main Paper 5 2021 · Topic: Fiscal Policy & Revenue (Sources of Government Revenue: Tax and Non-Tax Revenue)
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