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Indian Economy Questions and Answers for Competitive Exams

Q.

How does the consumer benefit with VAT?

[A] It removes tax on tax and thus reduces price-rise
[B] Reduces the cost of production
[C] With the abolition of the sales tax
[D] Due to the exemption of small businesses from the tax within certain limits prescribed by the State

Answer & Explanation

Answer: Option [A]

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