Which of the following is an indirect tax?
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Correct Answer: Option D
Explanation:
Indirect tax refers to taxes which are imposed or levied on goods and services. The producers bear the initial burden of tax before shifting them to the final consumers in the form of higher price.
Indirect tax refers to taxes which are imposed or levied on goods and services. The producers bear the initial burden of tax before shifting them to the final consumers in the form of higher price.