What Is Tax Class 6

What is tax class 6

A tax is a mandatory fee or financial charge levied by any government on an individual or an organization to collect revenue for public works providing the best facilities and infrastructure. The collected fund is then used to fund different public expenditure programs.

What is a tax in short?

The tax is added to the price of the products and services. It increases the price of the product or service. There is only one indirect tax levied by the government currently. This is called GST or the Goods and Services Tax. GST: This is a consumption tax that is levied on the supply of services and goods in India.

What is a tax simple answer?

: an amount of money that a government requires people to pay according to their income, the value of their property, etc., and that is used to pay for the things done by the government.

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