This document discusses taxes in India, specifically direct and indirect taxes. It provides definitions of direct taxes as taxes paid directly to the government by taxpayers that cannot be shifted to others. Indirect taxes are defined as taxes collected by intermediaries but ultimately borne by consumers, who pay higher prices. The key indirect taxes in India are listed as excise duty, customs duty, value added tax, central sales tax, service tax, and others. The advantages of indirect taxes are that they allow even the poor to contribute, are convenient to pay and collect, have broad coverage, are easy to collect automatically through prices, are difficult to evade, can be made elastic to increase government revenues, and can be made equitable when placed on luxury goods
This document discusses taxes in India, specifically direct and indirect taxes. It provides definitions of direct taxes as taxes paid directly to the government by taxpayers that cannot be s…