GST - Multiple Choice Questions and Answers for Competitive Exams

Question

GST is a ___ based tax on consumption of goods and services.

A Origin
B Destiny
C Development
D Destination
E Dividend
Answer & Explanation
Option: [D]

Destination based tax or consumption tax are levied where goods and services are consumed. In destination-based taxation, exports are allowed with zero taxes whereas imports are taxed on par with the domestic production.

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