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On which of the following items VAT is still applicable?
10. On which of the following items VAT is still applicable?
- Tobacco
- Baby Products
- Alcohol
- Clothes
Answer: C) Alcohol
Explanation:
Liquor was not brought under the domain of the GST system fundamentally because of two reasons:
- To guarantee that the State Governments keep on having a solid inflow of income (other than whatever they get from GST). It's assessed that charges on alcohol and lager get the state legislatures almost INR 90,000 crores yearly.
- To keep the costs of alcohol and brew high to restrict utilization.