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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


Team Careers360 13th Jan, 2024
Answer (1)
Team Careers360 16th Jan, 2024

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.

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