GK
INDIAN POLITICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following taxes is/are levied by the Union and collected and appropriated by the States?
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Stamp Duties
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Passenger and Goods Tax
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Estate Duty
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Taxes on Newspapers
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Explanation:
Detailed explanation-1: -The correct answer is Stamp duties. Stamp duties are levied by Union and collected and appropriated by States.
Detailed explanation-2: -Taxes Levied And Collected And Retained By The States-Constitutional Provisions. Article 276 talks about the taxes that are levied by the state government, governed by the state government and the taxes are collected also by the state government.
Detailed explanation-3: -Taxes levied by centre but collected and appropriated by state means: The Centre levies the tax. The proceeds of the tax are collected by the States and go to the States. The Centre doesn’t get the collected tax. The States utilize the proceeds.
There is 1 question to complete.