UPSC Civil Services 2011 Prelims General Studies Paper I

Question : 16 of 100

Marks: +1, -0

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

It is multi-point destination-based system of taxation.
It is a tax levied on value addition at each stage of transaction in the production distribution chain.
It is a tax on the final consumption of goods or services and must ultimately be borne by the consumer.
It is basically a subject of the central government and the state governments are only a facilitator for its successful implementation.

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