What is the excise tax?

Commercial goods produced or sold in the country is called consumer tariff. The seller or producer usually handles additional costs to pay the government together with the consumer by increasing the price of their goods. Some examples of excise taxes are taxes of gasoline and other fuels or tobacco and alcohol taxes. The tariff of excise duty is considered an indirect form of taxation, because the government does not directly use tax on the end consumer. Sometimes it is confused with a turnover tax, a tax based on a percentage of the total price. It is also confused with value added tax, tax -based tax. The tariffs of excise duty on goods and services that are considered taboo for social or moral reasons are sometimes referred to as "taxes of sin".

There may be several reasons why the government decides to impose excise tax on items such as tobacco and alcohol. Adding excise duty to the cost of the item increases the price of these products, thus discouraging people from excessiveHo to use or abuse these substances. The consumer tax tariff also helps to increase revenue to finance the potential role of the government as a result of the use of these substances. As a result of the use or abuse of these products, other public services are often needed, such as increased healthcare costs for lung cancer from tobacco or traffic accidents resulting from alcohol management.

Many governments have excise taxes for broadly variable goods and services. In some countries, the consumer tax is implemented on the basis of revenues directly connected to the products that are for sale. For example, alcoholic beverages must purchase signs from the government and then must attach one to each bottle or alcohol case.

There is evidence that excise taxes have been used in India from 300 ° C. As is currently defined, the excise tax was first developed by Holland during the 17th century. There have been many different products over the years and withLunches exposed to consumer means, including salt, alcohol, paper, meat, tobacco, cheese, tires, fuels and sugar.