GST is an Indirect Tax
because we do not pay it from own pocket
We collect it from Customer
Chapter 1 GST Basics
Last updated at Dec. 16, 2024 by Teachoo
GST is an Indirect Tax
because we do not pay it from own pocket
We collect it from Customer
Tax-Direct Tax Indirect Tax Person pays tax from own pocket Example Income Tax Indirect Tax Person collects Tax from Customer Pays to Government Example VAT, Service tax, Excise, GST