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.
Correct Answer: D
Solution :
VAT is the State Subject.
You need to login to perform this action.
You will be redirected in
3 sec
