Direct Taxes
|
Indirect Taxes
|
1. Payer of tax and sufferer of tax one and same (i.e.
impact and incidence on the same person)
|
1. Payer of tax not sufferer of tax whereas sufferer of
tax is not paying directly to the Government (i.e. impact on one head and
incidence on other head)
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2.
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2. Supply based taxes
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3. Rate of taxes are different from person to person
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3. Rate of duties are not differ from person to person
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4. Entire revenue goes to Central Government of India
|
4. Revenue source to Central Government of India as well
as State Governments (i.e. CGST and SGST)
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5. Previous year income assessed in the assessment year
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5. There is no previous year and assessment year concept
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6. Central Board of Direct Taxes (CBDT) is an important
part of Department of Revenue.
|
6. Central Board of Excise and Customs (CBEC) is an
important part of Department of Revenue.
The Central Board of Excise & Customs is being renamed
as the Central Board of Indirect Taxes & Customs (CBIC), after getting
legislative approval.
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7. Progressive nature.
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7. Regressive nature
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Difference between Direct Taxes and Indirect Taxes
CBDT
,
CBEC
,
Department of Revenue
,
Difference between Direct Taxes and Indirect Taxes
,
Direct Taxes
,
Income based taxes
,
Indirect Taxes
,
Supply based taxes
,
tax
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