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

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CollectorBabu · Accepted Answer

Correct Answer: It is basically a subject of the Central Government and the State Governments are only a facilitator for its successful implementation. Value Added Tax is a multi-point destination system of taxation where tax is levied on value addition at all stages of transaction in production-distribution chain and is imposed on final consumption of goods or services which is paid by the consumer. As we see that Sales Tax and VAT is State subject where Central Government acts as a facilitator for proper implementation of VAT.

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

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