Which one of the following is not a feature of “Value Added Tax” ?

A It is a multi-point destination-based system of taxation

B It is a tax levied on value addition at each stage of transaction in the production-distribution chain

C It is a tax on the final consumption of goods or services and must ultimately be borne by the consumer

D It is basically a subject of the Central Government and the State Governments are only a facilitator for its successful implementation