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    Question

    Which of the following is/are Production Taxes?

    >I- Land Revenue II- Stamp Duty III- Registration Fees IV- GST
    A I & II Correct Answer Incorrect Answer
    B III & IV Correct Answer Incorrect Answer
    C I, II & III Correct Answer Incorrect Answer
    D II, III, & IV Correct Answer Incorrect Answer
    E I, II, III, & IV Correct Answer Incorrect Answer

    Solution

    Production taxes or production subsidies are paid or received with relation to production and are independent of the volume of actual production. Some examples of production taxes are land revenues, stamps and registration fees and tax on profession. Product taxes are paid on the actual volume of production.

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