1
Question
GST is a destination based tax on consumption of ______________.
GST is a destination based tax on consumption of ______________.
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Solution
The correct option is D both (A) & (C)
GST is a consumption based tax which is levied on the basis of “Destination principle.” The concept relates to taxing the supply of goods or services at the point of consumption. It is a comprehensive tax regime covering both goods and services, and is collected on value-added at each stage of the supply chain.
GST is a consumption based tax which is levied on the basis of “Destination principle.”
The concept relates to taxing the supply of goods or services at the point of consumption. It is a comprehensive tax regime covering both goods and services, and is collected on value-added at each stage of the supply chain.
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