Excise duty is levied on
Production of goods
Excise duty is a tax levied on the manufacture/production of goods within a country before sale or export.
Similar Questions
The trade policy reforms aimed at:
The GST (Goods and Services Tax), recently passed by Government will be levied on which of the following products?
Which of the following tax systems will help to reduce economic inequalities in India?
In India, which of the following taxes is levied by the State governments?
The GST (Goods and Services Tax), recently passed by the Government will be levied on which of the following products?
Which of the following is an example of a non-tax revenue source for the government?
Important Questions from Taxation
What is/are the most likely advantages of implementing 'Goods and Services Tax (GST)'?
1. It will replace multiple taxes collected by multiple authorities and will thus create a single market in India.
2. It will drastically reduce the 'Current Account Deficit' of India and will enable it to increase its foreign exchange reserves.
3. It will enormously increase the growth and size of the economy of India and will enable it to overtake China in the near future.
Select the correct answer using the codes given below:
The sales tax you pay while purchasing a toothpaste is a
Which one of the following is not a feature of "Value Added Tax”?
- In which year did the Government of India introduce Securities Transaction Tax (STT) to reduce the complexities involved in the taxation of securities transactions, promote fair trading, and prevent market manipulation?
- The Tonnage Tax Scheme, seen in Union Budget 2025-26, is associated with taxing which sector?
