1.

Which one of the following is not a feature ofValue 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 Government are only a facilitator for its successful implementation
Answer» D. It is basically a subject of the Central Government and the State Government are only a facilitator for its successful implementation


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