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The most important source of revenue to the states is

  1. A
    Sales tax
  2. B
    Service tax
  3. C
    Excise duty
  4. D
    None of the above

Solution & Step-by-step Explanation

In conventional or pre-GST public finance structures within India, commercial Sales Tax or Value Added Tax (VAT) stood as the single largest sovereign tax revenue source autonomously generated by state governments.

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Try it yourself before checking the explanation above.

The most important source of revenue to the states is
A
Sales tax
B
Service tax
C
Excise duty
D
None of the above

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State FinancesRevenueSales Tax

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