UPSC General Studies Solved Paper - General Studies-2011

  • question_answer
    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

    Correct Answer: D

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