Multiple Choice Questions on Which of the following is not shared by the Centre and the States ........ for General Studies (Level 1) Preparation

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Multiple Choice Questions

Which of the following is not shared by the Centre and the States ........

Indian Economy (Easy) Budgeting and Fiscal policy
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    Which of the following is not shared by the Centre and the States?

    Sales Tax

    Correct Answer

    Corporation Tax

    Incorrect Answer

    Income Tax

    Incorrect Answer

    Union Excise Duties

    Incorrect Answer
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    Explanation:

    Sales Tax

    Sales Tax is levied by the Central Government as well as State Governments. It is decided by the Central Government basis its tax policies. State Sales Tax laws vary between states.

    By: Parvesh Mehta
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