Economics · Economy
In the structural transition from the traditional Central Excise regime to the Goods and Services Tax (GST) framework, what is the fundamental shift observed in the tax base?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A shift from the activity of manufacture to the concept of supply✓
- 2A shift from the procedural removal of goods to the legal moment of manufacture
- 3A shift from the destination of goods to the origin at the factory gate
- 4A shift from the point of consumption to the activity of production
Correct answer
A shift from the activity of manufacture to the concept of supply
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