Which one of the following statements is correct in relation to the GST Bill passed by the RajyaSabha in August 2016?

Question

TuteeHUB · Accepted Answer

GST will be levied on alcoholic liquor for human consumption at a uniform rate of 25 percent.

TuteeHUB · Answer

It will replace all central taxes, duties, etc.only by a single tax.

TuteeHUB · Answer

It will subsume central as well as State taxes, duties, etc.

TuteeHUB · Answer

Petroleum and petroleum products shall not be subjected to the levy of GST.

1.	Which one of the following statements is correct in relation to the GST Bill passed by the RajyaSabha in August 2016?
A.	It will replace all central taxes, duties, etc.only by a single tax.
B.	It will subsume central as well as State taxes, duties, etc.
C.	GST will be levied on alcoholic liquor for human consumption at a uniform rate of 25 percent.
D.	Petroleum and petroleum products shall not be subjected to the levy of GST.
Answer» C. GST will be levied on alcoholic liquor for human consumption at a uniform rate of 25 percent.

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