UPSC 2011 › Indian Economy › Taxation

1 question · 2011 · answers as per the UPSC key

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UPSC 2011 · Q16 · Indian Economy › Taxation · Save

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
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Answer: (d) It is basically a subject of the Central Government and the State Governments are only a facilitator for its successful implementation