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What is Merits and demerits of indirect taxes?
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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.
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What is Merits and demerits of indirect taxes?
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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?.
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?.
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