What is Merits and demerits of indirect taxes?

EduRev

All Courses

Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity

Open App

B Com Exam > B Com Questions > What is Merits and demerits of indirect taxes...

Join the Discussion on the App

What is Merits and demerits of indirect taxes?

Join for Free

Join for Free

Verified Answer

What is Merits and demerits of indirect taxes?

Merits of Indirect Taxes:

1. Indirect taxes have a great merit of convenience. They are paid in small amounts and at intervals instead of in one lump-sum.

2. The burden of an indirect tax is less felt as it is hidden in the price of the commodity.

3. Indirect taxes can be elastic if they are imposed on articles having inelastic demand.

4. Indirect taxes have a wide area of functioning. It makes the tax system broad based as they are paid by all classes of people.

This question is part of UPSC exam. View all B Com courses

View all answers Start learning for free

Explore Courses for B Com exam

What is Merits and demerits of indirect taxes?

Share with a Friend

Answer this doubt

Question Description
What is Merits and demerits of indirect taxes? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is Merits and demerits of indirect taxes? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is Merits and demerits of indirect taxes?.

Solutions for What is Merits and demerits of indirect taxes? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.

Here you can find the meaning of What is Merits and demerits of indirect taxes? defined & explained in the simplest way possible. Besides giving the explanation of What is Merits and demerits of indirect taxes?, a detailed solution for What is Merits and demerits of indirect taxes? has been provided alongside types of What is Merits and demerits of indirect taxes? theory, EduRev gives you an ample number of questions to practice What is Merits and demerits of indirect taxes? tests, examples and also practice B Com tests.

Explore Courses for B Com exam