Q: Which one of the following statements regarding GST is not correct?
(a)Amendment 115 to the Constitution of India kept alcohol for human use and five petroleum products outside the ambit of GST.
(b)Amendment 122 to the Constitution of India kept only alcohol for human use outside the ambit of GST.
(c)Precious metals are taxed at a rate of 1% under GST.
(d)Unworked diamond is taxed at a rate of 0·25%.
Correct Answer: (c)
The correct answer is (c) 'Precious metals are taxed at a rate of 1% under GST.'. This question from the Indian Polity domain tests knowledge of Constitutional Framework.