The correct answer is: A) Commercial Taxes (GST, VAT).
Commercial Taxes (GST, VAT) is a major source of revenue for the Madhya Pradesh government. It is a tax on the sale of goods and services. The tax is levied by the central government and the state government. The central government collects the tax on goods that are sold across state borders, and the state government collects the tax on goods that are sold within the state.
Property Tax is a tax on the value of real estate. The tax is levied by the local government. The tax rate is determined by the local government.
Excise Duties is a tax on goods that are manufactured or produced in the country. The tax is levied by the central government. The tax rate is determined by the central government.
Income Tax is a tax on the income of individuals and businesses. The tax is levied by the central government. The tax rate is determined by the central government.
Commercial Taxes (GST, VAT) is the major source of revenue for the Madhya Pradesh government because it is a tax on the sale of goods and services, which are essential for the daily lives of people. The tax is also easy to collect and administer.