Please tell about Direct or Indirect tax catagery and enty tax is direct or indirect tax
thanks
Kamal Bhardwaj (Accountant) (31 Points)
02 November 2012Please tell about Direct or Indirect tax catagery and enty tax is direct or indirect tax
thanks
CA Manish
(Job)
(5264 Points)
Replied 02 November 2012
Entry tax is indirect tax which is payble on goods purchased in state from outside state/within the state, it is applicable on very few items specially notified by the state, it vary from state to state.
CA D R P
(Chartered Accountant)
(313 Points)
Replied 02 November 2012
DIRECT TAX :
TAX LEVIED DIRECTLY ON TAX PAYER IS CALLED DIRECT TAX. E.G. INCOME TAX, GIFT TAX, WEALTH TAX
INDIRECT TAX :
TAXES LEVIED ON TAX PAYERS INDIRECTLY THROUGH A TRANSACTION E.G. WHEN U R BUYING A PRODUCT U ARE PAYING TAXES AS WELL BUT, INDIRECTLY...
E.G. VAT, SERVICE TAX, EXCISE , CUSTOMS , ENTRY TAX, etc..
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