Government Budget and Economy — Economics STD 12 Humanities & Commerce — Question
Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsGovernment Budget and Economy1 Mark
Question
Define indirect tax. Give two examples of indirect taxes.
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Answer
When the liability to pay a tax is on one person and the burden of that tax falls on some other person, it is called indirect tax, e.g., sales tax and excise duty.
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