1. INDIRECT TAX MERITS&DEMERITS INDIRECT TAX An indirect tax is imposed on one person, but is paid either party or whole by another person. Indirect tax affect the income at the time when the consumer goes to buy goods

2. MERITS OF INDIRECT TAX 1.convenience 2.Elastic 3.Equity 4. social welfare 5.progressive in nature 6.Easy to collect

3. DEMERITS OF INDIRECT TAX 1.Regressive in nature 2.Uncertainity 3.Discourage saving 4. Un economical 5 .In equitable 6.No direct link with the government