Explain the aspects of non tax revenue of the central government
Answers
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Non Tax Revenue Receipts are those revenue receipts which are not generated by Taxing the public. Money which the Government earns as “Dividends and profits” from its profit making public enterprises (PSUs). Interest which the Government earns on the money lent by it to external or internal borrowers
The estimates of Non-Tax Revenue receipts from various sources such as return on assets in form of dividend and profits, interest, fees, fines and miscellaneous receipts collected in the exercise of sovereign functions, regulatory charges and license fees and user charges for publicly provided goods and services.
Union Excise Duties: They are, presently, by far the leading source of revenue for the Central Government and are levied on commodities produced within the country, but excluding those commodities on which State excise is levied (viz., liquors and narcotic drugs).
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