📊 Economic
Q. 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
✅ Correct Answer: (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

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Rakesh Yadav
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