Question

How does the consumer benefit with VAT ?

A With the abolition of the sales tax
B As compared to other taxes, there is a less chance of tax evasion. VAT minimizes tax evasion due to its catch-up effect. It reduces the cost of production
C Due to the exemption of small businesses from the tax within certain limits prescribed by the State
D None of these
Answer & Explanation
Option: [B]
Advertisement

Read More Economics Solved Questions

apsc cce prelims 2025