An excise tax is an indirect tax charged on the sale of a particular good. Indirect means the tax is not directly paid by an individual consumer; instead, the Internal Revenue Service levies the tax on the producer or merchant, who passes the tax onto the consumer by including it in the product’s price. Whoever is manufacturing needs to register themselves with the Central Government if the preceding fiscal year’s turnover is over Rs. 100 lakh.
Starts @ Rs. 19999*
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