Question

What has been kept under the purview of Goods and Services Tax (GST) ?(1) Alcohol for human consumption(2) Electricity(3) Petroleum Products(4) Ghee

Answer 1

The correct answer to this question is 4. Ghee.

Price of items such as Ghee has come down as a result of introduction of GST (Goods and Services Tax) as earlier, different tax systems resulted in price disparity among traders of different regions.

The GST is expected to eliminate all indirect taxes on goods as well as services. It is a unified tax system which will take the place of almost all State and Central government levied indirect taxes and thereby benefit Indian economy.