If the Tax is levied on the Selling Price of the Product or Service in the Country then it is called as Indirect Tax. Under this type of Taxes, Government involves the Dealers, Agencies, and other Local Bodies to collect the taxes from the ultimate product or service user and they pays back to the Government. Here person paying the tax passes on the incidence to another person.
List of Indirect Taxes in India
- Excise Duty
- Customs Duty
- Service Tax
- VAT (Value Added Tax)