GST is a comprehensive tax regime covering both Goods and Services and be collected on value added at each stage of the supply chain. GST is thus levied on the basis of __________

CS Executive · Tax Laws · PYQS · December 2019
GST is a comprehensive tax regime covering both Goods and Services and be collected on value added at each stage of the supply chain. GST is thus levied on the basis of __________
(A) Consumption principle
(B) Destination principle
(C) Set-off against that payable principle
(D) Both consumption and destination base principle

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Goods and Services Tax (GST)

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