Question

difference between indirect tax and direct tax no g oo gle❌❌❌❌​

Answer 1

Explanation:

Given,

• difference between indirect tax and direct tax

To find,

• difference between indirect tax and direct tax

Answer,

Direct tax,

• It is levied on income and activities conducted.
• The burden of tax cannot be shifted in case of direct tax.
• It is paid directly by person concerned.
• It is paid after the income reaches in the hands of the taxpayer.
• Tax collection is difficult.
• Example Income tax, wealth tax etc.

Indirect tax,

• It is paid by one person but he recovers the same from another person i.e. person who actually bear the tax ultimate consumer.
• It is paid before goods/service reaches the taxpayer.
• Tax collection is relatively easier.
• It is levied on product or services.
• The burden of tax shifted for indirect taxes.
• Example GST, excise duty custom duty sale tax service tax.

Answer 2

Answer:

direct tax is paid directly to the government while the indirect tax is paid indirectly. ... Examples of indirect taxes are excise tax, VAT, and service tax. Examples of direct taxes are income tax, personal property tax, real property tax, and corporate tax.