2024APPSC Group-I Screening Test Paper-I General Studies
Q38
Consider the following statements in connection with the distribution of tax revenues between the Centre and the States :
IThe proceeds of the surcharges that are levied on taxes and duties referred to in Article 269 and Article 270 of the Constitution of India, would be shared between the Centre and the States.
IIArticle 268A and Article 272 of the Constitution of India were both repealed by same Constitutional Amendment Act.
IIITax on the sale of petroleum crude is levied by the Centre but collected by the States.
IVThe net proceeds of tax categories that are falling under Article 269 of the Constitution of India, do not form a part of the Consolidated Fund of India.
Which of the above statement/statements is/are valid ?
