is it possible for net indirect taxes to be zero?
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Answer:
Yes, NIT can be zero.
Explanation:
Look at the formula of calculating NIT
NIT= Indirect Taxes - Subsidy
right?
If both are of the same value e.g.
NIT= 15-15
NIT= 0
So logically there is a possibility but sums like these will rarely be included in the exam.
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