Identify Indirect Tax among the following:

Goods and Services Tax (GST)

Direct taxes are the taxes whose burden directly falls on the individual. They are progressive in nature which means that the burden on the rich is more as compared to the poor. For example- Income tax, Corporate tax.

Indirect taxes are the taxes whose burden directly falls on the manufacturers and indirectly on the consumer. They are regressive in nature which means that all pay the same amount of tax irrespective of their income level. Fpr example- Custom duties, Goods and Service tax, etc.

Therefore, Goods and Services Tax (GST) is an indirect tax whereas, gift tax, income tax and capital gains tax are considered to be direct taxes.