Need A Financial Product Forums Tax Savings What are Indirect taxes?

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    John A

    What are Indirect taxes?


    In case of the indirect tax, it is the tax where the liability of the payment of tax lies on the seller while the actual burden of tax lies on the buyer. The buyer who does the payment to the seller includes this tax that in turn pays the same to the government. Indirect taxes are the charges which are levied upon goods and services. The indirect tax is a tax where the burden of the payment of the tax is shifted from one taxpayer to another taxpayer and this happens mostly by a way of an increase in the price of the goods and services.

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