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Which is historically the most important source of own revenue for the States in India?

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

Solution & Step-by-step Explanation

Historically, State Sales Tax (which later evolved into State VAT and largely merged into State GST) has been the largest and most critical source of autonomous tax revenue for state governments in India.

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Which is historically the most important source of own revenue for the States in India?
A
Sales Tax
B
Service Tax
C
Excise Duty
D
None of the above

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TaxationState FinancePublic Finance

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