Which one of the following items is not covered under GST?

The correct answer is Petrol.

Key Points

• Goods and Service Tax (GST)
  • It is an indirect tax used in India on the supply of goods and services.
  • It is a value-added tax levied on most goods and services sold for domestic consumption.
  • It was launched in India on 1 July 2017 as a comprehensive indirect tax for the entire country.
  • It is a comprehensive, multistage, destination-based tax comprehensive because it has subsumed almost all the indirect taxes except a few state taxes. 
  • It is paid by the consumers and is remitted to the government by the businesses selling the goods and services.
  • It is of three types i.e. 
    • CGST to be levied by the Centre, 
    • SGST to be levied by the States and 
    • IGST is a tax levied on all Inter-State supplies of goods and/or services.  
  • All these taxes are levied at rates mutually agreed upon by the Centre and the States. 
  • The GST Council headed by the Union Finance Minister is the governing and key decision-making body for GST. 
  • The following goods are not covered under GST:
    • Petrol, high-speed diesel, aviation turbine fuel, crude oil. Hence, Option 4 is correct.
    • Electricity
    • Alcohol used for human consumption
    • Natural Gas