Consider the following statements regarding Punjab’s declining own-tax revenue:
- The introduction of GST has significantly improved Punjab’s own tax revenue.
- The non-tax revenue-to-GSDP ratio has declined from 5% in 2001-02 to less than 1% in 2022-23.
- The highest share of own tax revenue in Punjab comes from excise duty and GST.
- Punjab’s land revenue has more than doubled between 2021-22 and 2022-23.
1
1 and 3 only
2
2, 3, and 4 only
3
1, 2, and 3 only
4
2 and 4 only