Question

Which of the following is a major source of revenue for state governments in India?

• A. Income Tax
• B. Corporate Tax
• C. Goods and Services Tax (GST)
• D. Customs Duty

Answer 1

Answer:

C. Goods and Services Tax (GST)

• While states receive a share of central taxes, a significant portion of their own revenue comes from the Goods and Services Tax (GST), a consumption tax on goods and services.