Types of Indirect Taxes

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1. Sales Tax

Sales tax is a percentage-based tax on goods and services collected at the point of sale.

2. Service Tax

Service Tax is a government charge on services provided, added to the service cost and paid by customers.

3. Octroi Duty

Octroi duty is a tax levied on goods entering a municipality or city. It's a local tax collected to fund infrastructure and services, and it is charged at the point of entry.

4. Custom Duty

Custom duty is a tax on goods imported or exported, collected by the government to regulate trade and generate revenue.

5. Value Added Tax (VAT)

VAT (Value Added Tax) is a consumption tax added at each production stage, based on the value added to goods/services.

6. Goods & Services Tax (GST)

GST (Goods and Services Tax) is a unified tax on goods and services, replacing multiple indirect taxes.

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