In India which of the following taxes is levied by the State Governments?
Options:
A . Capital gains tax
B . Excise duty on liquor
C . Customs tax
D . Corporation tax
Answer: Option B Answer: (b) Excise duty on production few items including that on liquor is imposed by state governments. Excise duty on alcohol, alcoholic preparations, and narcotic substances is collected by the State Government and is called “State Excise” duty. For most of the states, excise duty is the second largest tax revenue after sales taxes (State VAT).
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