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Reported Question / Answer
Q.) What is Value Added Tax (VAT)
1)
A simple, transparent, easy to pay tax imposed on consumers
2)
A new initiative taken by the government to increase the tax-burden of high income groups
3)
A single tax that replaces state taxes like, surcharge turnover tax and sales tax, etc.
4)
A new tax to be imposed on the producers of capital goods
5)
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