Question : In India, which of the following taxes is levied by the state government?
Option 1: Excise duty on liquor
Option 2: Capital gains tax
Option 3: Customs tax
Option 4: Corporation tax
Correct Answer: Excise duty on liquor
Solution : The correct answer is Excise duty on liquor .
State excise duty is a tax charged by Indian state governments on the production and sale of alcoholic drinks, tobacco products and other designated items. The precise commodities subject to state excise duty differ from one state to the next. The state excise tax is a significant source of revenue for state governments.
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