Indirect taxes are levied on services and commodities and are obtained by middlemen such as manufacturers, wholesalers, and retailers. In contrast to direct taxes, which are paid to the government by people or companies, indirect taxes are passed on to the ultimate consumer as part of the final price. As a result, indirect taxes are an important part of every country's overall tax structure and revenue generating system. CA Chandan Agarwal & Co. can help you guide with the complete indirect tax knowledge. What exactly is indirect tax? Consumers pay these forms of taxes on their purchases, but they do not pay them directly to the government (unlike income tax). For example, when we buy a goods, we pay VAT and other taxes. Indirect Tax Components: Indirect taxes are made up of numerous components, each of which performs a distinct role in the tax system. These are some examples: The base rate is the percentage of tax charged on the value of goods or services. It varies a