Question

One of the objective under the ${10}^{th}$ five year plan was to collect higher tax revenue through __________.

• A. GST
• B. service tax
• C. excise duty
• D. VAT

Answer 1

Answer: (D)

VAT

The tenth five year plan aimed at achieving an average GDP growth rate of 8% of the overall economy which included all the sectors that is the social, economical and environmental sectors. One of the objective of 10th five year plan was to collect higher tax revenue through VAT.