Question

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 Cental Government and the State Governments are only a facilitator for its successful implementation

Answer 1

ANSWER

It is basically and the State Government and the State Governments are only a facilitator for its succesful implementation.

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Answer 2

Hey Mate!

✓✓ Your Answer ✓✓

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Good Question

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Option : 1)

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Which one of the following is the best description of the term 'ecosystem'?

(a) A community of organisms interacting with one another.

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