Multiple choice

About the Service Tax, read the following statements and Answer the correct ones: i. It is imposed by the Union government as part of its residuary powers. ii. It is not shared with the States. iii. Finance Commission recommends how it is distributed between Centre and States iv. Finance Commission recommends how it is divide between the Centre and States and among the States

  1. i only

  2. i & iv only

  3. ii & iii only

  4. ii & iv only

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

 (b)