Question

Which of the following is not a revenue receipt?

विकल्प

• Recovery of loans

• GST

• Grants-in-aid from foreign countries

• Corporation tax

Answer 1

Recovery of loans

Explanation:

Recovery of loans reduces the government’s financial assets, so it is a capital receipt. GST, corporation tax and grants-in-aid from foreign countries are revenue receipts because they neither create liabilities nor reduce assets.