General Knowledge - Indian Economy - Discussion

Discussion :: Indian Economy - Indian Economy (Q.No.25)

25. 

States earn maximum revenue through

[A]. land revenue
[B]. custom revenue
[C]. commercial taxes
[D]. excise duties on intoxicants

Answer: Option C

Explanation:

No answer description available for this question.

Sona said: (Mar 20, 2011)  
Why not commercial taxes ? please tel me.

Rajasekar said: (May 31, 2011)  
Why not land revenue? explain it at the same time what percentage it earn from total revenue.

J.Venkatesan said: (Jul 25, 2011)  
As the question is under Indian Economy, we must nte that customs revenue goes to union government. As regards state revenues, commercial taxes (VAT) would be the highest. erhaps the proposed Goods and Services Tax may change the entire scenrio.

Rakesh Pinghal said: (Aug 10, 2011)  
Customs revenue goes to union government as regd stste govt excise duty would be highest.

Swapna said: (Jan 18, 2012)  
What is mean by customs revenue?

Ravikumar said: (Mar 29, 2012)  
As the question is under Indian Economy, we must note that customs revenue goes to union government. As regards state revenues, commercial taxes (VAT) would be the highest. Perhaps the proposed Goods and Services Tax may change the entire scenario.

Pavan said: (Feb 19, 2013)  
As per current scenarios excise will collect more taxes.

Ravikumar.C said: (Jul 4, 2013)  
Suppose, here its states means government, but whatever it may be customs revenue never overtake income tax and sales tax in our country.

Dilip said: (Feb 5, 2014)  
Why not land revenue?

Rajni Singh said: (Dec 13, 2014)  
Do reply whether really poverty exists in India in practical sense and if yes than poverty can be removed from India in true sense.

Gunjan Wadhwa said: (Mar 23, 2015)  
What is commercial taxes?

Rahul said: (Mar 23, 2015)  
Vat is not a Commercial Tax.

D Kumar said: (Aug 1, 2015)  
What is difference between excise duty and custom revenue?

Manas said: (Dec 16, 2015)  
Sir, according to me the % of tax it higher on excise duties on intoxicants. So why it wasn't the correct answer? Please explain with answer.

Ramanpreet Singh said: (Dec 21, 2015)  
I have read in some books that states cover highest tax from excise and center from corporate tax.

Please clarify it.

Nandini said: (Jan 7, 2016)  
Why not from the intoxicants?

Vinayak said: (May 6, 2016)  
Hi, all.

If you look at the fundamentals and not at exceptional situations you will see that the main form of revenue for a government is through taxes. It cannot be customs because imports may differ from state to state.

Bibhab Kumar Das said: (Aug 26, 2017)  
After implementation of GST 2017, by what means the state will earn maximum revenue?

Shambhu said: (Jun 14, 2018)  
State earns maximum revenue from sales tax which is included in the commercial tax.

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