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What Is The Purpose Of Excise Duty? |
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Answer» There is a necessity of taxes in any country but it is important to know what the Government does with that money. Taxes are levied to ensure the smooth running of the public services in India. EXCISE duty is a part of it. It MAKES sure that the manufacturing sector is involving themselves in the taxation to cover all aspects. Taxes can also be a tool to control the SALE of a good, especially narcotic SUBSTANCES and alcohol. The INCREASE in tax amount of such products may have eventually. There is a necessity of taxes in any country but it is important to know what the Government does with that money. Taxes are levied to ensure the smooth running of the public services in India. Excise duty is a part of it. It makes sure that the manufacturing sector is involving themselves in the taxation to cover all aspects. Taxes can also be a tool to control the sale of a good, especially narcotic substances and alcohol. The increase in tax amount of such products may have eventually. |
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