Question

2
Which of the following is not a non-tax revenue receipt ?
(Choose the correct alternative)
(A) Goods and Services tax
(B) External grants
(C) Dividends and profits
(D) Disinvestment​

Answer 1

Answer:

good and service tax

Explanation:

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Answer 2

Goods and Services tax is not a non tax revenue receipt

Explanation:

• The income that comes from the other sources and and are not part of the taxes are called non tax revenues. The external grants, dividends and profits and disinvestment are all part of the non tax revenue.
• Goods and service tax is not a part of the Non-tax receipts. These are part of the tax revenue which are determined by the government. These are paid to the the government and it is the main source of government income.
• The income from other sources apart from taxes are the non tax revenue receipts. The interests and grants are all part of the non tax revenue of the government. These are all  various forms of interest that are paid to the government.  

To know more about non-tax revenue receipt

Capital receipt is a type of non-tax revenue receipt for the government

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