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Which tax is generally levied by states on the sale and purchase of land and buildings?

AGoods and Services Tax (GST)

BState Excise Duty

CStamps and Registration Duty

DService Tax

Answer:

C. Stamps and Registration Duty

Read Explanation:

  • This duty is applied on transactions involving transfer of immovable property and is a significant source of state revenue.


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  1. It is defined by the sheer number of high-tech industries present.
  2. Knowledge acts as a key competitive advantage across all sectors, not just technology-focused ones.
  3. It emphasizes the accumulation of knowledge as the most vital resource for economic success.
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