Largest income under indirect taxes is obtained from
Answers
Largest income under indirect taxes is obtained from GST in india.
Now in India sales tax and VAT are merged together to form Goods and Service Taxes and thus it forms the major income source under indirect taxes. The other indirect tax is Custom duty which form the second source of income after GST.
When we talk about indirect taxes we talk about taxes that are obtained from the people in their operations rather than paying it directly from their wages .There are so may types of taxes that lie within this bracket .An example is the value added tax whereby a percentage of the total amount of the market price of a product is taken by the government as tax .
Apart from other types of taxes such as the import duty the VAT is the largest contributor as far as indirect taxes are concerned .