Multiple choice

Which of the following taxes are levied by the State Government?

  1. Value Added Tax (VAT)
  2. Stamp Duty
  3. Land Revenue
  4. Profession Tax

  1. Only 1 and 3

  2. Only 1, 3 and 4

  3. Only 1, 2 and 3

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

India has a well-developed tax structure with clearly demarcated authority between Central and State Governments and local bodies. Central Government levies taxes on income (except tax on agricultural income, which the State Government can levy), customs duties, central excise and service tax. Value Added Tax (VAT), stamp duty, state excise, land revenue and profession tax are levied by the State Governments.

Keep practicing — related questions