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GST - Multiple Choice Questions and Answers for Competitive Exams

Q.

GST is a ___ based tax on consumption of goods and services.

[A] Origin
[B] Destiny
[C] Development
[D] Destination
[E] Dividend
Answer & Explanation
Option: [D]

Destination based tax or consumption tax are levied where goods and services are consumed. In destination-based taxation, exports are allowed with zero taxes whereas imports are taxed on par with the domestic production.

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