CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Business Studies

Assistance

Taxes collect...

Question

Taxes collected under CGST are the revenues of the State Government.

A

True

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

False

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is B False
Taxes collected under CGST are the revenues of the Central Government and not State Government.
Hence, the above statement is false.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Revenue collected under IGST is divided between Central and State Governments as per the rates quoted by the party collecting taxes.

Q. A collection of SGST is the revenue of the State Government.

Q. Which of the following taxes is an exclusive source of revenue for the State Governments?

Q. Give reason of Explain the statement
1. Income collected from tax is a main source of government revenue.
2. Revenue receipts and Revenue expenditure is known as Revenue Budget.
3. Government revenue is more than government expenditure.

Q7) An increase in tax revenues collected by the government due to the growth in the national income is known as

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Small Business Further Explored

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

Standard XI Business Studies

Join BYJU'S Learning Program

CrossIcon