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Which of the following are not the components of Non tax revenue receipts?
  1. Government earning Dividends and profits from PSUs.
  2. Goods and Services Tax (GST)
  3. State governments receiving grants from the Central Government
  4. Wealth Tax
  5. Value Added Tax (VAT)
Select the correct code:
  • a)
    1, 3 
  • b)
    1, 2, 3 
  • c)
    2, 4, 5 
  • d)
    3, 4, 5
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which of the following are not the components of Non tax revenue recei...
Revenue receipts are of two types viz. Tax Revenue and Non-tax revenue.
Tax revenues are either direct taxes or indirect taxes. Income Tax, Corporate tax, Gift Tax, Wealth Tax and Property tax etc. are direct taxes. Sales tax, Value Added Tax (VAT), Goods and Services tax (GST) are indirect tax.
Non Tax Revenue Receipts are those revenue receipts which are not generated by Taxing the public.
They include:
  • Money which the Government earns as “Dividends and profits” from public enterprises (PSUs). Interest which the Government earns on the money lent by it to external or internal borrowers.
  • Money received through stamp printing, currency printing, medal printing etc.
  • Money which the government accrues as fees, fines, penalties etc.
  • Grants the Government of India receives from the external sources.
  • In case of the state Governments, it may be the internal grant from the central Government.
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Community Answer
Which of the following are not the components of Non tax revenue recei...
Answer a non taxation means no tax it should revenue from non tax
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Which of the following are not the components of Non tax revenue receipts? Government earning Dividends and profits from PSUs. Goods and Services Tax (GST) State governments receiving grants from the Central Government Wealth Tax Value Added Tax (VAT)Select the correct code:a)1, 3b)1, 2, 3c)2, 4, 5d)3, 4, 5Correct answer is option 'C'. Can you explain this answer?
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