Question

Q. Which of the following does not attract Goods and Service Tax (GST)?

Select the answer using the codes given below:

• A. 1 only
• B. 1, 2 and 3 only
• C. 2, 3 and 4 only
• D. All of the above

Answer 1

The correct option is C 2, 3 and 4 only

Explanation:

• The Selling of space for advertisements in print media attracts 5 and 18 per cent Goods and Services Tax (GST), depending on the terms of the contract between the newspaper, advertisement agency and the client.
• School Education is exempt from taxation under GST.
• GST is also exempted on electricity.
• Alcohol does not come under the purview of GST as an exclusion mandated by constitutional provision. States levy taxes on alcohol according to the same practice as was prevalent before the rollout of GST.