GST is a/an
destination-based consumption tax
origin-based production tax
destination-based sales tax on transaction
origin-based tax on sales transaction
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC CAPF – 2022
– It is a tax on the consumption of goods and services. It is applied to the value addition at each stage of the supply chain, but the burden is ultimately borne by the final consumer.
– The destination-based nature of GST differs from origin-based taxes (like manufacturing excise duty), where the tax is levied at the point of production.