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Rakesh Yadav • 4.99K Points
Extraordinary Economic 

Q. Value-added tax is:

(A) A special tax levied by states on products from other states
(B) Tax on final consumption collected at the consumption stage
(C) An ad valorem tax on final consumption collected at the manufacturing level
(D) An indirect tax on the domestic consumption of goods collected at all stages between production and the point of final sale
Correct Answer - Option(D)
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