Which of these is a source of state government income?
- Customs duty on imports
- Union income tax receipts
- Stamp duty and registration
- Union excise on imports
Show answer and solution
Correct answer: C. Stamp duty and registration
1. Income sources are split between Union and states.
2. The Union earns from customs duty, excise tax and income tax.
3. States earn from SGST, state excise, stamp duty, registration fees, land revenue and vehicle tax.
_Source: Wikipedia, State governments of India_