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Sales Tax and Value Added Tax

In CENVAT, on...

Question

In CENVAT, one basic excise duty of what is percent is applicable to all goods?

A

20%

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B

14%

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C

16%

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D

None of the above

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Solution

The correct option is C 16%
In CENVAT, one basic excise duty of 16% is applicable to all goods. CENVAT stands for Central Value Added Tax.

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