Direct taxes are levied directly on the income or wealth of individuals and corporations (e.g., Income tax, Corporation tax, Wealth tax - though now abolished in India). Indirect taxes are levied on goods and services (e.g., Service tax, Sales tax/VAT, Excise duty, Customs duty). The Goods and Services Tax (GST) implemented in India is a comprehensive indirect tax.
Which one of the following is an indirect tax?
Asked in TNPSC CS Prelims 2017 · Topic: Fiscal Policy & Revenue (Taxation System in India: Direct, Indirect taxes, and Tax Reforms (including GST))
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