Which amendment to the Constitution of India added a new subject in the Union List called 'taxes on services’?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 88th
- The 88th amendment of the Constitution of India added a new subject in the Union List called 'taxes on services'.
- The government of India shall impose service taxes, which will be appropriated and then collected by the Indian government and the states.
- The profits of any such tax charged in line with the provisions of section in any financial year shall be collected and allocated by the Indian government and states.