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Which all three items are not under GST as of February 2020?
A)
Fuel, Tobacco, Alcohol
B)
Fuel, Construction, Alcohol
C)
Fuel, Movie Tickets, Alcohol
D)
Fuel, Dairy Products, Tobacco

Correct Answer : Option (B) - Fuel, Construction, Alcohol


As of now, fuel, construction, alcohol are out of GST. GST on movie tickets is based on slabs, with 18% GST for tickets that cost less than Rs. 100 and 28% GST on tickets costing more than Rs.100. The rate on under- construction property booking is 12%. Some industries and products were exempted by the government and remain untaxed under GST, such as dairy products, products of milling industries, fresh vegetables & fruits, meat products, and other groceries and necessities.

Published On : July 16, 2021
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