Multiple choice

Which among the following is not shared by the Centre and the States?

  1. Sales tax

  2. Corporation tax

  3. Income tax

  4. Union excise duties

  5. VAT
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A tax imposed by the government at the point of sale on retail goods and services is called sales tax. It is collected by the retailer and passed on to the state.

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