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Q41
(CDS-II/2023)
Economy › Government Finance & Budget › Goods and Services Tax
Answer Verified
Which one of the following taxes is not subsumed under the Goods and Services Tax in India? (a) Customs Duties (b) Central Excise Duties (c) Service Tax (d) Taxes on Petroleum and Petroleum Products
Result
Your answer:
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·
Correct:
A
Explanation
The correct answer is Option 1: Customs Duties. Under India's GST regime, while several indirect taxes were consolidated to create a unified market, Basic Customs Duty (BCD) remains outside the ambit of GST and continues to be levied under the Customs Act, 1962.
- Option 1: Customs duties are levied on goods imported into India. Only the "Countervailing Duty" (CVD) and "Special Additional Duty" (SAD) were replaced by Integrated GST (IGST), but the primary Customs Duty remains a separate tax.
- Option 2 and 3: Central Excise Duties (on most manufactured goods) and Service Tax were completely subsumed into GST to eliminate the cascading effect of taxes.
- Option 4: While petroleum products are currently outside the GST levy, they are technically included in the GST Act with the power to tax them deferred to a future date. However, since Customs Duty is fundamentally a separate tax category not intended for subsumption, Option 1 is the most accurate answer in this context.
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