[amp_mcq option1=”Goods and Services Tax (GST)” option2=”Income Tax” option3=”Property Tax” option4=”Land Revenue” correct=”option4″]<\/p>\n
The correct answer is: d) Land Revenue<\/strong><\/p>\n Land revenue is a major source of revenue for the Meghalaya government. It is a tax on the value of land, and is collected by the state government. The amount of land revenue that is payable depends on the type of land, its location, and its value.<\/p>\n Goods and Services Tax (GST) is a tax on the supply of goods and services. It is a destination-based tax, which means that the tax is levied at the place where the goods or services are consumed. GST is collected by the central government and the state governments.<\/p>\n Income tax is a tax on the income of individuals and businesses. It is a progressive tax, which means that the rate of tax increases as the income increases. Income tax is collected by the central government.<\/p>\n Property tax is a tax on the value of property. It is levied by local governments. The amount of property tax that is payable depends on the type of property, its location, and its value.<\/p>\n Land revenue is a major source of revenue for the Meghalaya government because it is a stable and predictable source of income. Land revenue is also a relatively easy tax to collect, as it is based on the value of land, which is a relatively easy to measure.<\/p>\n","protected":false},"excerpt":{"rendered":" [amp_mcq option1=”Goods and Services Tax (GST)” option2=”Income Tax” option3=”Property Tax” option4=”Land Revenue” correct=”option4″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[987],"tags":[],"class_list":["post-75241","post","type-post","status-publish","format-standard","hentry","category-meghalaya-gk-mcq","no-featured-image-padding"],"yoast_head":"\n