Budgeting and Fiscal policy

Indian Economy (CDS)

Title

45:30

Video Progress

8 of 24 completed

Notes Progress

5 of 15 completed

MCQs Progress

38 of 100 completed

Subjective Progress

8 of 20 completed

Continue to Next Topic

Indian Economy - Understanding the basics of Indian economic system

Next Topic

Download Solution PDF

The sales tax you pay while purchasing a toothpaste is a

tax imposed by the Central Government

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

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

tax imposed and collected by the State Government

Explanation:

The sales tax on consumer goods such as toothpastes, soaps, daily use items, electronic items etc. are imposed and collected by the State Government. However, newspapers and newspaper ads are exception to this.

By: Abhipedia

Profile ResourcesReport error

Trial Period Ended