SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The percentage of indirect taxes in the country’s revenue is approximately
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75
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86
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80
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70
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Explanation:
Detailed explanation-1: -There are two principal indirect taxes in India – Goods and Services Tax (GST) and Customs Duty. Customs duty, a central government levy, is leviable on import/ export of goods to and from India.
Detailed explanation-2: -Direct Tax collection, net of refunds, stands at Rs. 12.31 lakh crore which is 19.55 % higher than the net collections for the corresponding period of last year. This collection is 86.68% of the total Budget Estimates of Direct Taxes for F.Y. 2022-23.
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