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No. It is indirect tax.
Cedrick Olson
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List of direct and indirect taxes?
In India... the list of direct and indirect taxes.. is as following.. Direct Tax: Income tax corporation tax property tax inheritence (estate) tax & gift tax Indirect tax: customs duty, central excise duty, service tax, sales tax, value added tax (VAT), securities transaction tax
Is the tax on your house indirect tax or direct tax?
excise taxA+
What is a tax on good coming from another country?
An import, duty or excise tax
A tax on perfume is what kind of tax?
A tax on perfume is an excise tax. An excise tax is an in-country, or inland, tax on a specific good produced for sale. If the tax is on the perfume as it is imported, it is a customs duty or border tax.
What is central excise duty?
The central excise duty refers to an indirect tax which is levied on goods manufactured in India. These are the goods which are meant for consumption at home.
Which of the tax gives the maximum revenue in Union Budget?
excise duty
A tax on perfume is an example of what?
A tax on perfumeA tax on perfume is an example of an excise tax. Excise taxes are indirect taxes on certain types of goods.
Is import duty a direct tax or indirect tax?
indirect tax
What is the Example of excise duty tax?
Excise duty is levied on the quantity, unlike sales tax, which is levied on value. Moreover, its only the manufacturer/producer who pays the excise duty. For eg, lets say Jack manufactures N number of toys for sale and 'c' is the cost of production/toy.Then Jack is liable to pay N*x amount as excise duty, where x=excise duty/toy. Total amount payable by jack= N*c + N*x In contrast to this, lets say you buy all of these N toys and the price of each toy is 'v'.Then you are liable to an additional s% of (N*v) as sales tax, where s=sales tax Total amount payable by you= N*v + s% of (N*v)
What is a tax on production or sale of good called?
excise tax
What is terminal excise duty?
Terminal excise duty is a fee charged on all goods that are manufactured. Excise duty is levied by central or federal governments.
Is custom duty direct tax?
yes
