Definition of Indirect tax. Meaning of Indirect tax. Synonyms of Indirect tax

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Definition of Indirect tax

Indirect tax
Indirect In`di*rect", a. [Pref. in- not + direct: cf. F. indirect.] 1. Not direct; not straight or rectilinear; deviating from a direct line or course; circuitous; as, an indirect road. 2. Not tending to an aim, purpose, or result by the plainest course, or by obvious means, but obliquely or consequentially; by remote means; as, an indirect accusation, attack, answer, or proposal. By what bypaths and indirect, crooked ways I met this crown. --Shak. 3. Not straightforward or upright; unfair; dishonest; tending to mislead or deceive. Indirect dealing will be discovered one time or other. --Tillotson. 4. Not resulting directly from an act or cause, but more or less remotely connected with or growing out of it; as, indirect results, damages, or claims. 5. (Logic & Math.) Not reaching the end aimed at by the most plain and direct method; as, an indirect proof, demonstration, etc. Indirect claims, claims for remote or consequential damage. Such claims were presented to and thrown out by the commissioners who arbitrated the damage inflicted on the United States by the Confederate States cruisers built and supplied by Great Britain. Indirect demonstration, a mode of demonstration in which proof is given by showing that any other supposition involves an absurdity (reductio ad absurdum), or an impossibility; thus, one quantity may be proved equal to another by showing that it can be neither greater nor less. Indirect discourse. (Gram.) See Direct discourse, under Direct. Indirect evidence, evidence or testimony which is circumstantial or inferential, but without witness; -- opposed to direct evidence. Indirect tax, a tax, such as customs, excises,

Meaning of Indirect tax from wikipedia

- An indirect tax (such as a sales tax, per unit tax, value-added tax (VAT), excise tax, consumption tax, or tariff) is a tax that is levied upon goods and...
- multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes. Multi-staged as it is, the...
- The Central Board of Indirect Taxes and Customs (CBIC) is a statutory body under the Department of Revenue, Government of India. It oversees the administration...
- direct tax is a tax imposed upon a person or property as distinct from a tax imposed upon a transaction, which is described as an indirect tax. There...
- intermediate and possibly capital goods as an indirect tax. Most countries in the world have sales taxes or value-added taxes at all or several of the national,...
- Goods and Services Tax is an indirect tax collected on supply of goods or service. Central Goods and Services Tax (CGST): Portion of Tax to central government...
- often abbreviated to IRS (Customs & Central Excise) or IRS (Customs & Indirect Taxes), now called IRS(C&IT) is a part of central civil service of the Government...
- property taxes. Examples include customs duty, excise duty, stamp duty, estate duty, and gift duty. A customs duty or due is the indirect tax levied on...
- often compared with, a sales tax. VAT is an indirect tax, because the consumer who ultimately bears the burden of the tax is not the entity that pays it...
- correct tax allowances and tax relief. The first known taxation occurred in Ancient Egypt around 3000–2800 BC. Taxes consist of direct or indirect taxes and...