Indirect tax, unlike direct tax, is levied on the supply of goods and services and is passed on to the end consumer. Here are some key points to consider
Value Added Tax (VAT)
VAT is a widely implemented indirect tax that is levied at each stage of production and distribution. It is ultimately borne by the end consumer. VAT compliance and accurate reporting are essential for businesses to avoid penalties and legal complications.
Goods and Services Tax
GST is an indirect tax that has been adopted by many countries as a uniform taxation system. It replaces various indirect taxes and aims to simplify tax compliance and administration
Customs Duty
Customs duty is a form of indirect tax levied on goods imported into a country. Importers are required to pay customs duty to the respective customs authorities
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