​Which of the following is levied by State Government only ?

Correct option is D

Correct Answer: (d) Entertainment Tax

Explanation:

• Entertainment Tax is levied and collected by State Governments on entertainment-related activities like cinema tickets, amusement parks, and events.
• After the introduction of GST (Goods and Services Tax), most parts of entertainment tax were merged into GST, but States still collect tax on entertainment conducted by local bodies such as theaters or cable television.

Information Booster:

• Before GST (2017): Entertainment tax was a major revenue source for states.
• Post-GST: Only local body entertainment taxes remain under state jurisdiction.
• Constitutional Provision: State power to levy entertainment tax derives from List II (State List), Entry 62 of the Seventh Schedule.
• Other State Taxes: Include land revenue, excise duty on liquor, and stamp duty.
• Central Taxes: Include income tax, customs, excise, and corporate tax.

Additional Knowledge:

• (a) Corporate Tax: Levied by the Central Government on company profits.
• (b) Wealth Tax: Was a Central tax, abolished in 2015-16.
• (c) Estate Duty: Levied by the Central Government, now abolished.
• (d) Entertainment Tax: Only tax levied by State Government (partly retained under GST framework).