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Under GST, which of the following is a taxable supply?

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Question: Under GST, which of the following is a taxable supply?

Options:

  1. Sale of agricultural produce
  2. Sale of old newspapers
  3. Sale of luxury goods
  4. Sale of exempt goods

Correct Answer: Sale of luxury goods

Solution: 

Sale of luxury goods is considered a taxable supply under GST.

Under GST, which of the following is a taxable supply?

Practice Questions

Q1
Under GST, which of the following is a taxable supply?
  1. Sale of agricultural produce
  2. Sale of old newspapers
  3. Sale of luxury goods
  4. Sale of exempt goods

Questions & Step-by-Step Solutions

Under GST, which of the following is a taxable supply?
  • Step 1: Understand what GST is.
  • Step 2: Know what a taxable supply means.
  • Step 3: Identify examples of taxable supplies.
  • Step 4: Conclude that the sale of luxury goods is a taxable supply.
  • Taxable Supply under GST – A taxable supply refers to goods or services that are subject to Goods and Services Tax (GST) when sold.
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