[amp_mcq option1=”Sales tax\/VAT” option2=”Excise duty” option3=”Property tax” option4=”Stamp duty” correct=”option1″]<\/p>\n
The correct answer is: a) Sales tax\/VAT.<\/p>\n
Sales tax is a tax levied on the sale of goods and services. It is a major source of revenue for both the central and state governments. In Manipur, sales tax is levied by the Manipur State Government. The rate of sales tax in Manipur is 5%.<\/p>\n
Excise duty is a tax levied on the manufacture, sale, or consumption of goods. It is a major source of revenue for the central government. In Manipur, excise duty is levied by the Central Government. The rate of excise duty in Manipur varies depending on the type of goods.<\/p>\n
Property tax is a tax levied on the value of real estate. It is a major source of revenue for local governments. In Manipur, property tax is levied by the Manipur Municipal Corporation. The rate of property tax in Manipur varies depending on the location of the property and its value.<\/p>\n
Stamp duty is a tax levied on the transfer of property. It is a major source of revenue for the central and state governments. In Manipur, stamp duty is levied by the Manipur State Government. The rate of stamp duty in Manipur varies depending on the type of property and its value.<\/p>\n
In conclusion, sales tax is the tax that contributes significantly to Manipur’s own tax revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"
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