GK
TAXES IN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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54 of the State list
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92C of the Union list
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92C of the concurrent list
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97 of the Union list
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Detailed explanation-1: -2004, the Service tax was levied by the Parliament under Entry No. 97 of the List I in the Seventh Schedule in the Constitution of India].
Detailed explanation-2: -1[92A. Taxes on the sale or purchase of goods other than newspapers, where such sale or purchase takes place in the course of inter-State trade or commerce.] to the person making it or to any other person), where such consignment takes place in the course of inter-State trade or commerce.]
Detailed explanation-3: -82. Taxes on income other than agricultural income. 83. Duties of customs including export duties.
Detailed explanation-4: -Entry 97, List I which confers residuary powers on Parliament provides “any other matter not enumerated in List II and List III including any tax not mentioned in either of those lists”. The word “other” is important. It means “any subject of legislation other than the subject mentioned in Entries 1-96”.