what are various type of taxes
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There are two types of taxes namely, direct taxes and indirect taxes. The implementation of both the taxes differs. You pay some of them directly, like the cringed income tax, corporate tax, and wealth tax etc while you pay some of the taxes indirectly, like sales tax, service tax, and value added tax etc
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Direct Tax
- Income Tax
- Wealth Tax
Indirect Tax
- Goods and Services Tax ( GST)
- Value Added Tax (VAT)
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