Indirect Taxes
Chapter 9: Chapter 9 · ECONOMICS · EN medium
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What does your textbook say about Indirect Taxes?
Ultimate burden of tax payment Ultimate burden of tax payment: purchaser Responsibility to pay tax Example: Income Tax Example: GST When you earn income, you are responsible for tax payment, and you also have the burden When you buy stuff, the shopkeeper is responsible for tax payment, but he can collect it from you Responsibility to pay tax: shopkeeper rate of tax or the time of payment. If the Government collects taxes arbitrarily, then these will adversely affect the efficiency of the people and their working ability too.
📖 Class 12 Economics English Medium 2024 Edition www.tntextbooks.in · Page 191
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Ultimate burden of tax payment Ultimate burden of tax payment: purchaser Responsibility to pay tax Example: Income Tax Example: GST When you earn income, you are responsible for tax payment, and you also have the burden When you buy stuff, the shopkeeper is responsible for tax payment, but he can collect it from you Responsibility to pay tax: shopkeeper rate of tax or the time of payment. If the Government collects taxes arbitrarily, then these will adversely affect the efficiency of the people and their working ability too.
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