Which one of the following is the most important source of revenue of State Governments in India ?
In the pre-GST examination context sales tax/VAT was the largest source among the listed state own-tax revenues. Land revenue, stamps and registration, and state excise were…
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Which one of the following is the most important source of revenue of State Governments in India ?
Answer and explanation
Correct answer B
In the pre-GST examination context sales tax/VAT was the largest source among the listed state own-tax revenues. Land revenue, stamps and registration, and state excise were significant but generally smaller. This comparison is not being updated to the current GST regime.
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UGC NET Economics