Difference between TAX & DUTY?

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Ruthwik Varma

Ruthwik Varma (Querist)
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05 January 2017 What is the difference between TAX & DUTY? If they are same , then why they are called differently?

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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06 January 2017 Duty is tax is used narrow context levied on goods manufactured or imported or export of commodity it is basically levied by central government.

Tax is is mandatory or obligation payable to government on income, sales or services or wealth levied by state it central government which may be direct or indirect tax.

Amol S Joglekar

Amol S Joglekar (Expert)
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06 January 2017 https://keydifferences.com/difference-between-tax-and-duty.html

please follow the link

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