CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following item has been exempted from the GST slab rates?
A
Handicraft items
B
Perfumes
C
Handbags
D
Sanitary napkins
Explanation: 

Detailed explanation-1: -Fresh fruits, Fresh milk, Curd, Bread, etc. Exports and Supplies made to SEZ or SEZ Developers, of both goods and services. Grains, salt, Jaggery, etc. Alcohol used for human consumption, Natural gas, Petrol and its products, electricity, etc.

Detailed explanation-2: -Books, maps, newspapers, journals, non-judicial stamps, postal items, live animals (except horses), beehives, human blood, semen, bangles, chalk sticks, contraceptives, earthen pots, props used in pooja (including idols, bindi, kumkum), kites, organic manure, and vaccines.

Detailed explanation-3: -Statement 1 and 2 are correct: Items that are exempted from GST are alcohol for human consumption, live fish, fresh fish, bird’s eggs in the shell, fresh milk, fresh ginger, garlic, grapes, melon, unroasted coffee beans, unprocessed green tea leaves, corn, rice, wheat, maize, soybean, and hulled cereal grains.

There is 1 question to complete.