{"id":90480,"date":"2025-06-01T10:29:23","date_gmt":"2025-06-01T10:29:23","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=90480"},"modified":"2025-06-01T10:29:23","modified_gmt":"2025-06-01T10:29:23","slug":"which-one-of-the-following-has-the-largest-contribution-to-the-gross-t","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-has-the-largest-contribution-to-the-gross-t\/","title":{"rendered":"Which one of the following has the largest contribution to the Gross T"},"content":{"rendered":"

Which one of the following has the largest contribution to the Gross Tax Revenue of Government of India in 2019-20 (BE) ?<\/p>\n

[amp_mcq option1=”Goods and Services Tax” option2=”Corporation Tax” option3=”Customs” option4=”Union Excise Duties” correct=”option1″]<\/p>\n

\n
\n
This question was previously asked in<\/div>\n
UPSC CAPF – 2020<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
According to the Union Budget 2019-20 Budget Estimates (BE), Goods and Services Tax (GST) was projected to be the largest component of the Gross Tax Revenue of the Government of India. The BE for GST was \u20b96,63,343 crore, while Corporation Tax BE was \u20b96,01,000 crore, Income Tax (other than Corporation Tax) BE was \u20b95,69,000 crore, Union Excise Duties BE was \u20b92,48,000 crore, and Customs BE was \u20b91,38,000 crore. While actual collections can differ, based on the budget estimates, GST was the largest contributor.<\/section>\n
Gross Tax Revenue comprises taxes on income and expenditure, taxes on property and capital transactions, taxes on commodities and services, etc. Major components include Corporation Tax, Income Tax, Goods and Services Tax (GST), Union Excise Duties, and Customs.<\/section>\n
The introduction of GST in 2017 significantly altered the structure of India’s indirect tax collection. The relative contributions of major taxes like Corporation Tax, Income Tax, and GST can vary year to year based on economic performance and policy changes.<\/section>\n","protected":false},"excerpt":{"rendered":"

Which one of the following has the largest contribution to the Gross Tax Revenue of Government of India in 2019-20 (BE) ? [amp_mcq option1=”Goods and Services Tax” option2=”Corporation Tax” option3=”Customs” option4=”Union Excise Duties” correct=”option1″] This question was previously asked in UPSC CAPF – 2020 Download PDFAttempt Online According to the Union Budget 2019-20 Budget Estimates … <\/p>\n

Detailed SolutionWhich one of the following has the largest contribution to the Gross T<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1085],"tags":[1288,1120,1196],"class_list":["post-90480","post","type-post","status-publish","format-standard","hentry","category-upsc-capf","tag-1288","tag-economic-development","tag-fiscal-policy-revenue","no-featured-image-padding"],"yoast_head":"\nWhich one of the following has the largest contribution to the Gross T<\/title>\n<meta name=\"description\" content=\"According to the Union Budget 2019-20 Budget Estimates (BE), Goods and Services Tax (GST) was projected to be the largest component of the Gross Tax Revenue of the Government of India. The BE for GST was \u20b96,63,343 crore, while Corporation Tax BE was \u20b96,01,000 crore, Income Tax (other than Corporation Tax) BE was \u20b95,69,000 crore, Union Excise Duties BE was \u20b92,48,000 crore, and Customs BE was \u20b91,38,000 crore. While actual collections can differ, based on the budget estimates, GST was the largest contributor. Gross Tax Revenue comprises taxes on income and expenditure, taxes on property and capital transactions, taxes on commodities and services, etc. Major components include Corporation Tax, Income Tax, Goods and Services Tax (GST), Union Excise Duties, and Customs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-has-the-largest-contribution-to-the-gross-t\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which one of the following has the largest contribution to the Gross T\" \/>\n<meta property=\"og:description\" content=\"According to the Union Budget 2019-20 Budget Estimates (BE), Goods and Services Tax (GST) was projected to be the largest component of the Gross Tax Revenue of the Government of India. The BE for GST was \u20b96,63,343 crore, while Corporation Tax BE was \u20b96,01,000 crore, Income Tax (other than Corporation Tax) BE was \u20b95,69,000 crore, Union Excise Duties BE was \u20b92,48,000 crore, and Customs BE was \u20b91,38,000 crore. While actual collections can differ, based on the budget estimates, GST was the largest contributor. Gross Tax Revenue comprises taxes on income and expenditure, taxes on property and capital transactions, taxes on commodities and services, etc. Major components include Corporation Tax, Income Tax, Goods and Services Tax (GST), Union Excise Duties, and Customs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-has-the-largest-contribution-to-the-gross-t\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T10:29:23+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Which one of the following has the largest contribution to the Gross T","description":"According to the Union Budget 2019-20 Budget Estimates (BE), Goods and Services Tax (GST) was projected to be the largest component of the Gross Tax Revenue of the Government of India. 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