Question

Concerning the GST Council's regularization of taxation

Q: Concerning the GST Council's regularization of taxation issues, consider the following statements: 1

ExplanationStatements1and2arecorrectregardingtheGSTCouncilsconsiderationsStatement3isincorrectastobaccoproductsattractthehighestGSTrateof28withadditionalcessnot40

issues, consider the following statements: 1. The GST Council is deciding on whether packets of cereals, pulses, and flour over 25 kg should attract 5% GST. 2. The council might exclude agricultural produce in packages over 25 kg from the labeled commodity category. 3. Tobacco products currently attract the highest GST rate of 40%. Which of the above statements is/are correct?

A 1 only

B 1 and 2 only

C 2 and 3 only

D 1 and 3 only

E 1, 2, and 3

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