The system of value added taxation is applicable to:

Related MCQs

• When the ratio of indirect taxes to total taxation revenue is very high, it leads to : 1. rise in the price level 2. higher taxation burden on the rich 3. higher taxation burden on the poor 4. fall in tax revenues
• MODVAT is different from VAT in the sense that: 1. under MODVAT, tax is levied only on value addition while under VAT, excise is imposed on final value and then rebate is given on inputs 2. MODVAT is only at the production stage while VAT extends both to production and distribution stage 3. under MODVAT, excise is levied on final value and then rebate is given on inputs while under VAT, tax is levied only on value addition 4. MODVAT implies rationalization of excise duty only while VAT implies rationalization of excise, sales and turnover taxes etc. also Choose correct answer from:
• After 1991, the Central Government implemented various far-reaching reforms in the area of taxation. This was based on the recommendations of the: [CDS 1999]
• The tax whose share in overall taxation revenue has gone up rapidly during the planning period is :
• Taxation and the government's expenditure policy are dealt under the :
• Consider the following taxes: 1. Corporation Tax 2. Value Added Tax 3. Wealth Tax 4. Import duty Which of these is/are Indirect taxes?
• Value-added tax is :
• Which one of the following is not a feature of "Value Added Tax"? [CSAT 2011]
• In agricultural sector net value added is estimated by
• Net factor income from abroad added to GDP gives: