For which tax, was constitutional status given much later after its introduction in a small way in 1994-95?
(A) Customs Duty
(B) Corporation Tax
(C) Taxes on Services
(D) Income Tax
Correct Answer : Taxes on Services
Question Asked : SSC Graduate Level Tier-I Exam 2013
Explanation : Dr. Manmohan Singh, the then Union Finance Minister, in his Budget speech for the year 1994-95 introduced the new concept of Service Tax. It was given constitutional status by Chapter VA of the Finance Act, 2003.
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