Graduate Pharmacy Aptitude Test (GPAT) 2012 Solved Paper

Question : 143 of 148

Marks: +1, -0

Read the following statements regarding value added tax (VAT):
[P] : It is an indirect tax
[Q]: It is charged at the rate of 8%
[R] : It is tax at source
[S] : It is effective since April 2010
Choose the correct option.