an ad valorem tax on domestic final consumption collected at all stages between production and the point of final sale

[Solved] Value-added tax is :

Q.	Value-added tax is :
A.	an ad valorem tax on domestic final consumption collected at all stages between production and the point of final sale
B.	an ad valorem tax on final consumption collected at the manufacturing level
C.	tax on final consumption collected at the consumption stage
D.	a special tax levised by states on products from other states
Answer» A. an ad valorem tax on domestic final consumption collected at all stages between production and the point of final sale

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