If John seems at his receipt, He'll see the particular cost of the fridge before the tax was read more extra. It is the company on the device or item who collects the tax from your sale value and pays it to the government. Since there were too many taxes, the whole process of paying out them was very difficult and time-consuming. This induced nume
GST Fundamentals Explained
[10] In addition, the extent of regressive mother nature of an indirect tax depends on the type of indirect tax. Empirical evidence suggests that excise taxes are generally speaking much more regressive than VAT. This may be attributed to the fact that excise taxes are levied on merchandise for instance Alcoholic beverages, tobacco, and these ite