Mention any four products which are kept outside the preview of Goods and Services Tax. Are they exempt from any tax ?
CS Executive · Tax Laws · PYQS · June 2019
Mention any four products which are kept outside the preview of Goods and Services Tax. Are they exempt from any tax ?
Answer & Explanation:
The following items have been kept outside the purview of Goods and Services Tax: Alcoholic liquor for human consumption Petroleum crude* Motor spirit (petrol)* Aviation Turbine Fuel* High speed diesel* Natural gas* Electricity Immovable Property *GST to be notified on recommendation of GST Council. No, they are not exempt but taxable under the respective laws of the Centre and States other than GST.
Topics: GST
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