Sales tax / VAT
Excise duties
Stamp duty and registration fees
All of the above
Answer is Right!
Answer is Wrong!
The correct answer is: d) All of the above.
Tamil Nadu’s own tax revenue includes sales tax / VAT, excise duties, stamp duty and registration fees.
- Sales tax / VAT is a tax levied on the sale of goods and services.
- Excise duties are taxes levied on goods produced or manufactured in India.
- Stamp duty is a tax levied on the transfer of property.
- Registration fees are fees levied on the registration of documents such as deeds, mortgages and agreements.
These taxes are collected by the state government and are used to fund various state government activities such as education, health, infrastructure and social welfare.