A) Taxes levied by the union but collected and appropriated by the states
B) Taxes levied and collected by the union but assigned to the states
C) Taxes levied and collected by the union but distributed between the union and the states
D) Taxes levied and collected by the states but distributed between the union and the states
Correct Answer: D
Solution :
[d] Statement [a] describes the type of taxes described in Article 268. This includes duties on medicinal and toilet preparation with alcohol in them. Statement [b] describes the type of taxes in Article 269 and includes excise duty, central sales tax etc. Statement [c] describes the type of tax in Article 270.This type of tax is distributed between the centre and the states based on Finance Commission recommendations. It includes income tax, corporate tax etc. Statement [d] is the only incorrect statement and the right answer is the taxes collected by the states are kept with the State Governments only.
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