Which one of the following taxes is not subsumed under the Goods and Services Tax in India?

Question

Question

This question was previously asked in

CDS General Knowledge 3 Sep 2023 Official Paper

Answer 1

The correct answer is Taxes on Petroleum and Petroleum Products.

Key Points

The taxes included in GST include Central Excise, Service Tax, VAT and many other taxes. However, direct taxes like income tax, and customs duty on imports.
The two taxes not included in GST in India are:
- Basic Customs Duty (BCD): Basic Customs Duty is a tax levied on goods imported into India. It is outside the scope of GST and is levied as a separate tax.
- Petroleum Products: Petroleum products like petrol, diesel, crude oil, aviation turbine fuel and natural gas are not under the GST regime.

Additional Information

Goods and Services Tax (GST):
- It is a destination-based taxation system.
- It has been established by the 101st Constitutional Amendment Act.
- It is an indirect tax.
GST Council
- It consists of the Centre, 28 states, Delhi and Puducherry.
- Centre has 1/3rd of voting rights and states have 2/3rd of voting rights.
- Decisions are taken after a majority in the council.