Question
Who bears the main burden of an indirect tax?
Solution
Indirect taxes like VAT or GST are imposed on goods and services. Though collected by manufacturers or traders, the burden is typically passed on to the consumers, who pay higher prices for the goods.
Consider the following statements:
Assertion (A): A heavy downpour helps reduce humidity in the atmosphere.
Reason (R): Rain occurs when t...
Statement:Â
World Bank doubles funding to $200 billion to tackle climate change, sending an important signal to the wider global community to do...
STATEMENT  : An information for the employees in the office- “you have to bear your expense on travel”
ASSUMPTIONS: IÂ Many offices ...
A statement is given followed by two conclusions numbered I & II. Assuming the statement to be true, even if they seem to be at variance with commonly ...
Statement: As an ongoing mission to help taxpayers, the e-portal service has been set up by the Additional Commissioner of Income Tax at the taxpayers/...
Statement: Of the 478 storm water drains identified for clean-up before monsoon in the city, only 167 have been taken up, and work on these is still u...
Statement : Anxious parents are racing against time to get their children admitted in schools as the last day of the admission process is approaching....
Statement:Â The rail security helpline was flooded with complaints on catering and cleanliness in the trains.
I. Railways has initiated a new ...
The following are the criteria for selecting a website designer for the ABC Media company.
The candidates must:
(a) Have Diploma or degree...
Statement: Large IT services companies are in the process of laying off employees on a scale not seen since the 2008-10 downturn.
I. The IT indu...
Relevant for Exams:
