[Solved] Which one of the following is not a feature of "Value Added Tax"? [CSAT 2011]

Q.	Which one of the following is not a feature of "Value Added Tax"? [CSAT 2011]
A.	It is a multi-point destination-based system of taxation
B.	It is a tax levied on value addition at each stage of transaction in the productiondistribution chain
C.	It is a tax on the final consumption of goods or services and must ultimately be borne by the consumer
D.	It is basically a subject of the Central Government and the State Governments are only a facilitator for its Successful implementation
Answer» D. 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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