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प्रश्न
To which tax is this shifting of tax burden relevant?
थोडक्यात उत्तर
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उत्तर
- The shifting of the tax burden is generally applicable to indirect taxes such as sales tax, goods and services tax (GST), excise duty, and customs duty.
- In many cases, the tax is originally placed on a seller or producer, but the burden is ultimately passed on to the end consumer through higher pricing.
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Role of State in Economic Development
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संबंधित प्रश्न
The government imposes tax ______.
The state can promote economic development by ______.
The tax whose rate remains unchanged irrespective of the income of the taxpayer is called as ______.
Match the following:
| Column I | Column II | ||
| A. | Direct tax | (i) | Tax rate increases with tax base |
| B. | Indirect tax | (ii) | Tax rate remains constant |
| C. | Proportional tax | (iii) | Imposed on goods and services |
| D. | Progressive tax | (iv) | Impact and incidence lie on the same person |
Match the following:
| Column I | Column II | ||
| A. | Impact of tax | (i) | Price stability |
| B. | Incidence of tax | (ii) | Simple to calculate |
| C. | Objective of Monetary Policy | (iii) | Ultimate burden of tax |
| D. | Proportional tax | (iv) | Original imposition of tax |
What is meant by shifting of tax burden?
Classify the following type of tax into direct and indirect taxes:
Sales tax
Explain how indirect taxes can be inflationary.
How does the state fulfil the following socio-economic objective?
Reducing income inequality.
Explain the following with examples:
Progressive tax
