APPSC Group-II Mains 2019 Paper III · Question 91

Question 91 of the APPSC Group-II Mains 2019 Paper III (30 August 2019). Try it first, then open the answer and explanation.

1. Mains 2019 · P-III · Q91 · Economy (India & AP) · Public Finance & Taxation

   MODVAT is a

   సవరించ బడిన కలపబడిన పన్ను (MODVAT) ఒక

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   Answer: Tax reform

   సమాధానం: పన్ను సంస్కరణ

   Modified VAT (1986) gave manufacturers credit for excise paid on inputs. It became CENVAT in 2000 and was later subsumed in GST.

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