why the rate of indirect taxes cannot increase beyond a point.
Answers
Answer:
Indirect taxes do not create civic awareness among senior taxpayers because a person who buys a commodity does not know that he pays taxes to the government. 2- Uneconomical because its cost is high. 3- unfair to some because the rich and the poor are buying goods at the same price.
Explanation:
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Answer:
A tax may be defined as a "pecuniary burden laid upon individuals or property owners to support the
government, a payment exacted by legislative authority. A tax "is not a voluntary payment or donation, but an
enforced contribution, exacted pursuant to legislative authority". Taxes consist of direct tax or indirect tax, and
may be paid in money or as its labour equivalent (often but not always unpaid labour). India has a well
developed taxation structure. The tax system in India is mainly a three tier system which is based between the
Central, State Governments and the local government organizations. In most cases, these local bodies include
the local councils and the municipalities. According to the Constitution of India, the government has the right to
levy taxes on individuals and organizations. However, the constitution states that no one has the right to levy or
charge taxes except the authority of law
Explanation: