Which of the following taxes fall under the State List of Indian Constitution?
(i) Stamp Duty
(ii) Custom Duty
(iii) Luxury Tax
(iv) Entertainment Tax
Select the answer using the code given below -

Correct option is B

Stamp Duty, Luxury Tax, and Entertainment Tax are all taxes that fall under the State List of the Indian Constitution. These taxes are administered by state governments, giving them the authority to levy and collect these taxes within their respective jurisdictions.
Important Key Points:
· Stamp Duty: This tax is levied on legal documents, typically involving property transactions, such as the sale or transfer of real estate, mortgage deeds, and other significant agreements. It is one of the most common taxes collected by state governments.
· Luxury Tax: This tax is imposed on goods and services considered to be luxury items, such as high-end hotel accommodations, luxury cars, and other premium services. Each state has the discretion to define what constitutes a luxury item and levy the tax accordingly.
· Entertainment Tax: This tax is charged on entertainment activities, including movie tickets, theater performances, amusement parks, and other similar forms of entertainment. While many entertainment taxes have been integrated into the Goods and Services Tax (GST), states still retain the authority to impose this tax on certain entertainment activities.
· Custom Duty: This is a central tax, not a state tax, and is levied on goods imported into or exported out of the country. It falls under the Union List and is managed by the central government.
Knowledge Booster:
· Sales Tax and VAT: These were state taxes but have largely been subsumed under GST.
· Motor Vehicles Tax: Levied by states on the registration of vehicles and for the use of roads within the state.
· Tax on Agricultural Income: Also a state tax, relevant to income generated from agricultural activities within the state.