Introduction: indirect taxes
An indirect tax, is a tax, the burden of which can be shiftedto others
The impact and incidence of indirect taxes are on differentpersons.
An indirect tax is levied on and collected from a person who manages to pay it on to some other person or personson whom the real burden of the tax falls. The tax payer isnot the tax bearer.
Commodity taxes are generally indirect taxes as they areimposed on producers or sellers, but their incidence fallsupon the consumers as such taxes are wrapped up in theprices.
Faculty: KULBIR SINGH3