Question

What are various sources of municipal revenue? Describe various mechanisms to improve municipal revenue.

30 Aug 2021
Answer :
Word Count : 542

 Various sources of muncipal revenue are given in the folowing way ;

  • Tax on Advertisement. - The advertising agency buys the space on behalf of the advertiser but charges commission for the same. In such a case, GST would be levied at 5% for advertisement in print media or 18% for advertisement in digital media. The advertising agency would levy GST at the rate of 18% on the commission charges.
  • Surcharge on Property Tax. - A surcharge is an extra fee, charge, or tax that is added on to the cost of a good or service, beyond the initially quoted price. Often, a surcharge is added to an existing tax and is not included in the stated price of the good or service.
  • Tax on Trade, Profession & Calling. - Every person engaged in __________ ________ ________ ______ ________ ____ ___ ____ __________.
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