Option 1 -> GST is levied at the point where goods/services are consumed, not where they are produced.
Option 2 -> GST is an indirect tax collected by intermediaries, not a direct tax paid by individuals to the government.
Option 3 -> GST is a national-level tax system, not limited to local jurisdictions.
Option 4 -> GST is calculated as a percentage of transaction value, not a fixed amount.
Hence, Destination Based Tax -> GST follows the destination principle where tax revenue goes to the state/country where the goods or services are consumed rather than where they originate. This ensures that the consuming state benefits from the tax revenue, making it a consumption-based taxation system. For example, if goods are manufactured in State A but sold and consumed in State B, the tax revenue goes to State B. -> correct