Question : The GST (goods and service tax) passed by the government will be levied on which of the following products?
Option 1: Petroleum and crude oil
Option 2: Tobacco
Option 3: Natural gas
Option 4: Aviation turbine fuel
Latest: SSC CGL 2024 final Result Out | SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL Tier 1 Scorecard 2024 Released | SSC CGL complete guide
Suggested: Month-wise Current Affairs | Upcoming Government Exams
Correct Answer: Tobacco
Solution : The correct answer is Tobacco .
The GST rate for all tobacco goods is 28%. The GSTC will suggest a date for the implementation of GST on five petroleum products (crude oil, petrol, diesel, ATF and natural gas). The Goods and Services Tax (GST) is a unified tax system that replaced several indirect taxes collected by the Central and State Governments. The Central and State Governments share the jurisdiction to impose and collect taxes on goods and services under GST.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Question : ________ is/are an item for which both GST and central excise duty are applicable in India.
Question : Which of the following taxes is levied by the state government only?
Question : The naturally occurring gas that is generated by the breakdown of organic matter by anaerobic bacteria and is used in energy production is called:
Question : Thermal electricity is generated by using which of these ?
Question : Which among the following is the tax levied by the center and not shared with states?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile