Which one of the following is NOT a feature of 'Value Added Tax' (VAT)?

Question

TuteeHUB · Accepted Answer

NA

TuteeHUB · Answer

It is a multi-point destination-based system of taxation

TuteeHUB · Answer

It is fax levied on value addition at each stage of transaction in the production- distribution chain

TuteeHUB · Answer

It is a tax on the final consumption of goods or services and must ultimately be borne by the consumer

TuteeHUB · Answer

It is basically a subject of the Central Government and the State Government are only a facilitator for its successful implementation

1.	Which one of the following is NOT a feature of 'Value Added Tax' (VAT)?
A.	It is a multi-point destination-based system of taxation
B.	It is fax 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 Government are only a facilitator for its successful implementation
Answer» E.

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