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  9. Q31

APSC CCE 2013 · Question 31 of 99

VAT is imposed

Economy

  1. ADirectly on consumer
  2. BOn the first stage of production
  3. COn the final stage of production
  4. DOn all stages between production and final saleCorrect

Answer: D. On all stages between production and final sale

Explanation

VAT is levied at each stage of production and sale with input credit.

Source: APSC CCE 2013 Prelims GS paper (solved paper, scribd doc 478905986)

← Q30View full paper (99 questions)Q32 →

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