Which one of the following is not a feature of "Value Added Tax"?

• A. It is 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.