2022 · Q85
GST is a/an
indian-polity-economyeconomy-fundamentals
- Adestination-based consumption tax
- Borigin-based production tax
- Cdestination-based sale tax on transaction
- Dorigin-based transaction
Explanation
GST is a destination-based consumption tax: it is levied where goods/services are consumed (the destination state gets the revenue), not where they are produced. It replaced origin-based levies like central excise, and it is a tax on value addition at each stage, not a mere transaction or production tax. Hence option A.