Who Bears The Final Tax In The Process?

1.	Who Bears The Final Tax In The Process?
Answer» The GST is an indirect tax which means that the tax is PASSED on till the last stage wherein it is the customer of the GOODS and services who bears the tax. This is the case even today for all indirect taxes but the DIFFERENCE under the GST is that with streamlining of the multiple taxes the FINAL COST to the customer will come out to be lower on the elimination of double charging in the system. The GST is an indirect tax which means that the tax is passed on till the last stage wherein it is the customer of the goods and services who bears the tax. This is the case even today for all indirect taxes but the difference under the GST is that with streamlining of the multiple taxes the final cost to the customer will come out to be lower on the elimination of double charging in the system.

Answer»

The GST is an indirect tax which means that the tax is PASSED on till the last stage wherein it is the customer of the GOODS and services who bears the tax. This is the case even today for all indirect taxes but the DIFFERENCE under the GST is that with streamlining of the multiple taxes the FINAL COST to the customer will come out to be lower on the elimination of double charging in the system.

The GST is an indirect tax which means that the tax is passed on till the last stage wherein it is the customer of the goods and services who bears the tax. This is the case even today for all indirect taxes but the difference under the GST is that with streamlining of the multiple taxes the final cost to the customer will come out to be lower on the elimination of double charging in the system.

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