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Government Budget and Economy — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsGovernment Budget and Economy1 Mark
Question
Categorize the following items into Direct and Indirect Taxes.
Statement-Value Added tax.
✓

Answer

Indirect tax.
Reason: Its impact and incidence lie on different persons.

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