14.. What is Indirect Tax? What is its
effect on price?
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Indirect tax has the effect to raising the price of the products on which they are imposed. Customs duty, central excise, service tax and value added tax are examples of indirect tax. IIP is an index which shows the growth rates in different industry groups of the economy in a stipulated period of time.
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Answer:
Indirect tax has the effect to raising the price of the products on which they are imposed. Customs duty, central excise, service tax and value added tax are examples of indirect tax. IIP is an index which shows the growth rates in different industry groups of the economy in a stipulated period of time.
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