Which of the following product is are not part of GST 1 Crude oil 2 Di...........

Economic Affairs Tax System

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Which of the following product is/are not part of GST?

1. Crude oil

2. Diesel

3. Petrol

4. Natural gas

5. Jet fuel

Correct Code

1 ,2 and 3

1,2,3 and 4

1,2,3,4 and 5

1,2,3 and 5

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Explanation:

Crude oil, diesel, petrol, natural gas and jet fuel are temporarily kept out of GST. The GST Council, the federal indirect tax body of state finance ministers chaired by the Union finance minister, will decide when to bring these items into GST. Liquor is kept out of GST as a constitutional provision and hence it would require an amendment to Constitution if it is to be brought into GST net.