The service tax you pay for availing insurance in India is which type of tax ........

Indian Polity Centre - State Relations

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The service tax you pay for availing insurance in India is which type of tax-

tax imposed, collected and appropriated by the Central Government.

tax imposed by the Central Government but collected and appropriated by the State Government.

tax imposed by the State Government but collected by the Central Government.

tax imposed by the Centre Government but collected and appropriated both by Centre and State Government.

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Explanation:

The 88th Amendment has added a new Article 268-A dealing with service tax. It also added a new subject in the Union List – entry 92-C (taxes on services). Service tax is levied by the centre but collected and appropriated by both the centre and the states.
Taxes Levied and Collected and Retained by the States - These are the taxes belonging to the states exclusively. They are enumerated in the state list and are 20 in number. These are: (i) land revenue; (ii) taxes on agricultural income, succession and estate duties in respect of agricultural land; (iii) taxes on lands and buildings, on mineral rights, on animals and boats, on road vehicles, on luxuries, on entertainments, and on gambling; (iv) excise duties on alcoholic liquors for human consumption and narcotics.