MAKING OF A NEW NATION 1776 1800
THE WHISKEY REBELLION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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an amount added to the price of an item that goes to the government on each sale.
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Food Stamps
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types of laws
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a treaty
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Detailed explanation-1: -VAT is a tax that is levied on services and goods and is paid to the government by producers although the actual tax is levied from the end-user or consumers who purchase the services and goods. This is important for GDP.
Detailed explanation-2: -Some common taxes paid and collected in India are-Income Tax, GST, Road Tax, Property Tax, Professional Tax, Corporate Tax, Customs Duty, Excise Duty, Entertainment Tax, Swachh Bharat Cess, Krishi Kalyan Cess, and so on.
Detailed explanation-3: -Sales tax is an indirect tax and is generally charged at the point of buy or exchange of certain taxable goods, charged as a percentage of the value of the product. The sales tax depends on the government in power and the individual policies enforced by it, generally being simple to calculate and collect.
Detailed explanation-4: -noun. a tax on receipts from sales, usually added to the selling price by the seller.
Detailed explanation-5: -A sales tax is an amount apart from the selling price of the commodity purchased. Value Added Tax(VAT): Value added tax is an added the amount on the purchase of an article that increases the price of that item at each stage of production to distribution.