>
Exams
>
General Awareness
>
Economy
>
in gst only value addition will be taxed and burde
Question:
In GST, only value addition will be taxed and burden of tax is to be borne by the
Show Hint
GST is a consumption-based tax → paid by the final consumer.
KMAT KERALA - 2026
KMAT KERALA
Updated On:
Feb 27, 2026
producer of the goods
final consumer
trader of the goods
dealer
Hide Solution
Verified By Collegedunia
The Correct Option is
B
Solution and Explanation
Concept:
GST taxation system.
Explanation:
Goods and Services Tax (GST) is a destination-based tax on consumption. Although collected at different stages of production and distribution, the ultimate burden is borne by the final consumer.
Download Solution in PDF
Was this answer helpful?
0
0
Top Questions on Economy
National Stock Exchange was the first exchange in India to implement electronic or screen-based trading which began its operations in the year
KMAT KERALA - 2026
General Awareness
Economy
View Solution
The Chairman of Securities and Exchange Board of India is
KMAT KERALA - 2026
General Awareness
Economy
View Solution
Which one of the following is not true in respect of Goods and Services Tax (GST)?
KMAT KERALA - 2026
General Awareness
Economy
View Solution
The India Brand Equity Foundation is a trust established by the
KMAT KERALA - 2026
General Awareness
Economy
View Solution
In finance and accounting, par value means
KMAT KERALA - 2026
General Awareness
Economy
View Solution
View More Questions
Questions Asked in KMAT KERALA exam
A runner can complete a 750 m race in two and a half minutes. The speed of the runner is
KMAT KERALA - 2026
Time and Work
View Solution
Which one of the following is a correctly spelled word?
KMAT KERALA - 2026
Vocabulary
View Solution
The word “Recalcitrant” means
KMAT KERALA - 2026
Vocabulary
View Solution
Choose the meaning of the idiom: a blessing in disguise
KMAT KERALA - 2026
Vocabulary
View Solution
Which one of the following is a correctly spelled word?
KMAT KERALA - 2026
Vocabulary
View Solution
View More Questions