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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
Answer & Explanation
Option: [D]

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