Tax vs. duty vs. cess

Whats the difference between these three????????

Replies (3)

1) Tax is paid on the Income earned, Service rendered and Sales made during the year.

For Eg : Income Tax, Service Tax, VAT / Sales Tax, Wealth Tax

 

2) Whereas the tax which is leveid specifically on goods is called Duty.

For Eg : Customs Duty, Excise Duty

 

3) Cess is also a Tax. But in India the Cess which is collected is specifically utilised for the Education.

For Eg : Education Cess, Secondary Higher Education Cess

 

 

Regards,

Devendra

Thanks. Can you please tell that why there was need to distinguish between the two?? I mean why don't they simply use "tax" instead of "duty" in case of goods as well??

Tax is levied on Individuals and Duty is leveid on goods which is paid by the individuals.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 July 2026
Manager - Finance & Accounts

Aliens Group

Hyderabad

CA Final

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
06 July 2026
Senior Accountant

Arvindkumar Maniar & Co.

Rajkot

CA

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

G A R U D & Associates

New Delhi

CA Inter

View Details
Company
23 July 2026
Senior Accountant

Felicity Adobe LLP

Bengaluru

CA Inter

View Details
Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Follow