Which of the following feature of GST removes/reduces the cascading effect? Option 1: Destination Based Tax Option 2: Unified Tax Option 3: Input Tax Credit(ITC) Option 4: Unified Market.

The answer is 'Input Tax Credit(ITC)'. View full solution:

CUET Economics - Which of the following feature of GST removes/reduces the cascading effect? | PYQs + Solutions

CUET Economics 2025 13 May Shift 1

Macro

Medium

Destination Based Tax

Unified Tax

Input Tax Credit(ITC)

Unified Market.

✅ Correct Option: 3

Related questions:

28 May Shift 2

The month in which the Goods and Services Tax became operational.

31 May Shift 1

Defense of the nation is a service provided by our armed forces. This service is.

13h May Shift 2

Match List-I with List-II

List-I	List-II
(A) Revenue Budget	(I) Dissaving.
(B) Capital Account	(II) Present Fiscal Imbalances.
(C) Revenue Deficit	(III) Current Financial Year.
(D) Primary Deficit	(IV) Assets and Liabilities.

Choose the correct answer from the options given below: