Excise duties are levied by the Union but appropriated by the States, True or False?

Excise duties are levied by the Union but appropriated by the
States, True or False?
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Answer :

True
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Which of the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states? (1) Expenditure Tax and Gift Tax (2) Additional Duties of Excise in lieu of Sales Tax (3) Stamps and Registration (4) Taxes on Advertisement

Description : Which of the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states? (1) Expenditure Tax and Gift Tax (2) Additional Duties of Excise in lieu of Sales Tax (3) Stamps and Registration (4) Taxes on Advertisement

Last Answer : (4) Taxes on Advertisement Explanation: Apart from taxes levied and collected by the States, the Constitution has provided for the revenues for certain taxes on the Union List to be allotted ... exchanges and future markets; and Taxes on sale and purchase of newspapers and advertisements therein.

Which of the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states ? (1) Expenditure Tax and Gift Tax (2) Additional Duties of Excise in lieu of Sales Tax (3) Stamps and Registration (4) Taxes on Advertisement

Description : Which of the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states ? (1) Expenditure Tax and Gift Tax (2) Additional Duties of Excise in lieu of Sales Tax (3) Stamps and Registration (4) Taxes on Advertisement

Last Answer : Taxes on Advertisement

Which tax is levied by the Union and collected and appropriated by the States? -General Knowledge

Description : Which tax is levied by the Union and collected and appropriated by the States? -General Knowledge

Last Answer : The answer is 'Stamp Duties'

Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Description : Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Last Answer : Constitution of India. Service tax levied by Union and collected and appropriated by the Union and the States. (1) Taxes on services shall be levied by the Government of India and such tax shall be ... and appropriated by the Government of India and the States in the manner provided in clause (2).

Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Description : Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Last Answer : Constitution of India. Service tax levied by Union and collected and appropriated by the Union and the States. (1) Taxes on services shall be levied by the Government of India and such tax shall be ... and appropriated by the Government of India and the States in the manner provided in clause (2).

Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Description : Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Last Answer : Constitution of India. Service tax levied by Union and collected and appropriated by the Union and the States. (1) Taxes on services shall be levied by the Government of India and such tax shall be ... and appropriated by the Government of India and the States in the manner provided in clause (2).

Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Description : Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Last Answer : Constitution of India. Service tax levied by Union and collected and appropriated by the Union and the States. (1) Taxes on services shall be levied by the Government of India and such tax shall be ... and appropriated by the Government of India and the States in the manner provided in clause (2).

Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Description : Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Last Answer : Constitution of India. Service tax levied by Union and collected and appropriated by the Union and the States. (1) Taxes on services shall be levied by the Government of India and such tax shall be ... and appropriated by the Government of India and the States in the manner provided in clause (2).

Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Description : Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Last Answer : Constitution of India. Service tax levied by Union and collected and appropriated by the Union and the States. (1) Taxes on services shall be levied by the Government of India and such tax shall be ... and appropriated by the Government of India and the States in the manner provided in clause (2).

Which tax is levied by the Union and collected and appropriated by the States? -General Knowledge

Description : Which tax is levied by the Union and collected and appropriated by the States? -General Knowledge

Last Answer : Constitution of India. Service tax levied by Union and collected and appropriated by the Union and the States. (1) Taxes on services shall be levied by the Government of India and such tax shall be ... and appropriated by the Government of India and the States in the manner provided in clause (2).

Which tax is levied by the Union and collected and appropriated by the States?

Description : Which tax is levied by the Union and collected and appropriated by the States?

Last Answer : Stamp Duties

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The duties levied on alcoholic liquors, narcotic drugs and opium come under— (1) Central Excise Duty (2) Land Revenue (3) State Excise Duty (4) General Sales Tax

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Last Answer : (3) State Excise Duty Explanation: An excise or excise tax (sometimes called an excise duty) is a type of tax charged on goods produced within the country (as opposed to customs ... paper, drugs and pharmaceuticals, alcoholic liquor, water filtration and purification devices, pan masala, etc.

The duties levied on alcoholic liquors, narcotic drugs and opium come under— (1) Central Excise Duty (2) Land Revenue (3) State Excise Duty (4) General Sales Tax

Description : The duties levied on alcoholic liquors, narcotic drugs and opium come under— (1) Central Excise Duty (2) Land Revenue (3) State Excise Duty (4) General Sales Tax

Last Answer :  Central Excise Duty

Among the tax revenues of the Union Government, the most important source is – (1) Income Tax (2) Customs Duty (3) Corporation Tax (4) Union Excise Duties

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Last Answer : (4) Union Excise Duties Explanation: Central excise revenue is the biggest single source of revenue for the Government of India. The Union Government tries to achieve different socio-economic objectives by ... adopted by entry 84 of List I of the seventh Schedule of the Constitution of India.

Excise duty is levied on - (1) sale of goods (2) production of goods (3) import of goods (4) export of goods

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Last Answer : (2) production of goods Explanation: Excise duty is a tax on manufacture or production of goods. Excise duty on alcohol, alcoholic preparations, and narcotic substances is collected by the State Government and ... "State Excise" duty. The Excise duty on rest of goods is called "Central Excise" duty.

Excise duty is levied on (1) sale of goods (2) production of goods (3) import of goods (4) export of goods

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Last Answer : production of goods

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Description : No stamp duties are levied on LC backed bills up to _______ days. a 120 b 100 c 90

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Taxes levied on imports into a country are called: A)tarrifs B)quotas C)duties D)barriers

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Description : Which tax is not levied by the Union Government? -Do You Know?

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Last Answer : State government only

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Last Answer : 1. Reduce resource requirements by smoothing out period-to period resource assignments.

This term was originally a conceit in engineering that referred to ways of enhancing bodies for survival in harsh extra-terrestrial contexts. The term received a social sciences twist when Donna Haraway appropriated it as a metaphor for the growing appropriation of human beings into mechanical social systems. What term?

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The tax which is levied on goods or services produced or purchased.

Description : The tax which is levied on goods or services produced or purchased.

Last Answer : Ans. Indirect tax

Ad Valorem tax is levied - (1) according to value added by the Government. (2) according to value addition to a commodity (3) according to value given by producers (4) according to value added by the finance ministry

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The tax levied on gross sales revenue from business transactions is called - (1) Turnover Tax (2) Sales Tax (3) Capital Gains Tax (4) Corporation Tax

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'Quota' is - (1) tax levied on imports (2) imports of capital goods (3) limit on the quantity of imports (4) limit on the quantity of exports

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When an insured foreign parcel is redirected form one country to the another . a) No additional insurance fee is to be levied b) Half of the original insurance fee is to levied for such transmissions c) A fresh insurance fee become payable for each such transmission d) None of the above

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Ad Valorem tax is levied (1) according to value added by the Government. (2) according to value addition to a commodity (3) according to value given by producers (4) according to value added by the finance ministry

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Last Answer : according to value given by producers

The tax levied on gross sales revenue from business transactions is called (1) Turnover Tax (2) Sales Tax (3) Capital Gains Tax (4) Corporation Tax

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Last Answer : Turnover Tax

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Description : The excise duty on a certain item has been reduced to Rs 760 from Rs 950. Find the reduction per cent in the excise duy on that item. -Maths

Last Answer : answer:

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Description : When is "Central Excise Day" celebrated ? -General Knowledge

Last Answer : 24 FebruaryCentral Excise Day 2021 in India

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Description : What is excise duty ?

Last Answer : The tax levied on goods produced and used within the country is called excise duty. Apart from revenue collection, excise duty is also levied for the purpose of reducing consumption of various harmful products ... , tobacco , kerosene , medicines , spirits , matches , alcohol , cannabis , opium etc.

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In which season is the frequency of tropical cyclones in the Bay of Bengal maximum? [I. Tax & Central Excise 1991] (a) During monsoon (b) After summer (c) During winter (d) During autumn

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