GST is a:

CA Foundation · Business Economics · PYQS · January 2026
GST is a:
(A) A. Production based taxation system
(B) B. Income based taxation system
(C) C. Turnover based taxation system
(D) D. Consumption based taxation system

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Consumption based taxation system

Topics: Public Finance

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