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Questions
By giving valid reasons, explain whether the following will be included in the commercial revenue of the government or not?
Mr. Shah paying License fee for registration of his motor vehicle.
By giving valid reasons explain, which of the following will be included in commercial revenue of the government?
Mr. Shah paying License fee for registration of his motor vehicle.
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Solution
License fees for vehicle registration are generally considered regulatory fees rather than commercial transactions. Such fees are not payments for the direct purchase of goods or services provided by the government in a competitive or commercial manner. Instead, they are regulatory charges that enable the maintenance and administration of vehicle registration and road safety laws.
