The correct answer is: d) All of the above.
Sikkim generates its own revenue through a variety of sources, including excise duties, sales tax (VAT), and tourism-related levies.
Excise duties are taxes levied on goods that are produced or manufactured within a country. In Sikkim, excise duties are levied on a variety of goods, including alcohol, tobacco, and petroleum products.
Sales tax (VAT) is a tax levied on the sale of goods and services. In Sikkim, VAT is levied at a rate of 14%.
Tourism-related levies are taxes levied on tourists who visit Sikkim. These levies include a tourism development fee, a hotel tax, and a vehicle entry tax.
Sikkim’s revenue from these sources is used to fund the state’s budget, which includes expenditures on education, health care, infrastructure, and other essential services.