Join our Telegram Channel

Question

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]
Advertisement
Advertisement

Miscellaneous GK Questions

Read More Economics Solved Questions

Today's Top Current Affairs

current affairs 2022 pdf plan

Current Affairs MCQs

State-wise Current Affairs

General Knowledge

Month-wise Current Affairs 2022

Category-wise Current Affairs

Jobs by Qualification

Free Mock Test