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Village Panchayat

Which one of ...

Question

Which one of the following types of revenues is not shared by the Central Government with the State Government?

A

Central Sales Tax

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B

Income tax

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C

Excise Duty

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D

Customs Duty

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Solution

The correct option is D Customs Duty
Customs duty is not shared by Central Government with the State Government because it is a revenue which is generated by products shipping from another country for which individual states have no control over.

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Similar questions

Q. Consider the following statements:
1. The proceed of personal income tax is shared between the Central and State Governments.
2. The proceeds of the central excise duty is not shared between the Central and State Governments.

Which of the statements given above is/are correct?

Q. Which one of the following taxes is not shared by the central government with the states?

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Q. Q. Which of the following pairs is/are correctly matched?

List A	List B
1. Direct Tax	Securities transaction Tax
2. Indirect Tax	Customs Duty
3. Ad Valorem	Property Tax
4. Specific Tax	Excise duty on Petrol

Select the correct answer using the codes given below:

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