General Knowledge - Indian Economy - Discussion
Discussion Forum : Indian Economy - Indian Economy (Q.No. 25)
25.
States earn maximum revenue through
Discussion:
20 comments Page 1 of 2.
Ravikumar said:
1 decade ago
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.
J.venkatesan said:
1 decade ago
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.
Naveen said:
3 years ago
I think that excise tax here covers only FM intoxicants whereas some states put total ban on these items and excise if it covers all products then may be the highest not sure as production of material state to state is different too.
(2)
Vinayak said:
9 years ago
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.
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.
Manas said:
10 years ago
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.
Ravikumar.c said:
1 decade ago
Suppose, here its states means government, but whatever it may be customs revenue never overtake income tax and sales tax in our country.
Rajni Singh said:
1 decade ago
Do reply whether really poverty exists in India in practical sense and if yes than poverty can be removed from India in true sense.
Ramanpreet singh said:
10 years ago
I have read in some books that states cover highest tax from excise and center from corporate tax.
Please clarify it.
Please clarify it.
Rajasekar said:
1 decade ago
Why not land revenue? explain it at the same time what percentage it earn from total revenue.
RAKESH PINGHAL said:
1 decade ago
Customs revenue goes to union government as regd stste govt excise duty would be highest.
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