As per Budget 2023-24, how much comes from corporation tax for every 1 Rupee receipt of the government?

Question

Question

This question was previously asked in

SSC MTS (2022) Official Paper (Held On: 02 May 2023 Shift 1)

Answer 1

The correct answer is 15 paisa.

Key Points

As per the Union Budget presented in Parliament by Finance Minister Nirmala Sitharaman Goods and Services Tax (GST) will contribute 17 paise in every rupee of revenue, while corporation tax will account for 15 paise.
The Union Budget for FY 2023-24 this year aims to further strengthen India's economic status.
In the 75th Year of India's Independence, the World has recognized the Indian Economy as a 'bright star' with its Economic Growth estimated at 7 per cent, which is the highest among all major economies.

Additional Information

Goods and Services Tax (GST) is a value-added tax system that is implemented in many countries around the world.
It is a comprehensive indirect tax levied on the supply of goods and services at each stage of the supply chain.
GST aims to streamline the taxation process, reduce tax evasion, and create a unified tax structure.