In which one of the following taxes the impact and incidence will be on different persons?
Value added tax is an indirect tax: the seller initially pays or remits it, while its burden can be passed on to the buyer through the price. This separates impact, the…
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In which one of the following taxes the impact and incidence will be on different persons?
Answer and explanation
Correct answer D
Value added tax is an indirect tax: the seller initially pays or remits it, while its burden can be passed on to the buyer through the price. This separates impact, the initial payment, from incidence, the final burden.
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Telangana SET (TG SET)