# Calculate Indirect Taxes from the following data NDP at FC ₹ 55,915 Subsidies ₹ 1,540

Calculate Indirect Taxes from the following data:

Particulars | ₹ in Crores |

(i) NDP at FC | 55,915 |

(ii) Subsidies | 1,540 |

(iii) Factor income from abroad | 625 |

(iv) Consumption of Fixed Capital | 1,625 |

(v) Factor income to abroad | 865 |

(vi) GNP at MP | 58,350 |

Ans: Indirect Taxes = ₹ 2,590 Crores

Anurag Pathak Changed status to publish December 21, 2023

Solution:-

GNP at FC = NDP at FC + Consumption of Fixed capital + (Factor income from abroad – Factor income to abroad)

GNP at FC = (i) + (iv) + [(iii) – (v)]

GNP at FC = ₹ 55,915 + ₹ 1,625 + [₹ 625 – ₹ 865]

GNP at FC = ₹ 57,300

Net Indirect Taxes = GNP at MP – GNP at FC

Net Indirect Taxes = ₹ 58,350 – ₹ 57,300

Net Indirect Taxes = ₹ 1050

Net Indirect Taxes = Indirect Taxes – Subsidies

₹ 1050 = Indirect Taxes – ₹ 1,540

Indirect Taxes = ₹ 1,540 + ₹ 1050

Indirect Taxes = ₹ 2590 Crores

Anurag Pathak Changed status to publish November 12, 2023