Economics • Indian EconomyMedium
Which taxation head constitutes a major component of the state's own tax revenue (SOTR) collected directly by the Government of Uttarakhand?
A. State Goods and Services Tax and State Excise duty on liquor✓ Correct Answer
B. Customs duty on international maritime trade
C. Corporation tax on multinational IT firms headquartered in hill peaks
D. Union excise duty on crude petroleum extraction
💡 Solution & Explanation
State Goods and Services Tax and State Excise duty on alcoholic beverages form the largest components of the own tax revenue collected by the Uttarakhand government, funding budgetary expenditures. Other contributors include stamp duty, registration fees, and motor vehicle taxes. Fiscal devolution from the central divisible pool supplements these collections.
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