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In India, which of the following have the highest share in total tax revenue of the Central Government

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In India, which of the following have the highest share in total tax revenue of the Central Government?

(a)

Taxes on income

(b)

Taxes on commodities and services

(c)

Taxes on property and capital gains

(d)

Custom duties

Answer:

(b)

CA

Explanation

Taxes on commodities and services, including GST, have the highest share in total tax revenue of the Central Government.