defence exam ITBP (Telecommunication) Head Constable Mock Test 2024 Current Affairs Business and Economy
Consider the following statements regarding the taxation of coconut oil:
1. Coconut oil is classified as a hair care product and is not considered an edible oil under the GST regime.
2. Edible oils are taxed at a higher rate compared to hair care products under the GST regime.
3. Hair care products, including those labeled as hair oil, are taxed at 18% under the GST regime.
Which of the statements given above is/are not correct?
1
1 and 3 only
2
1 and 2 only
3
2 and 3 only
4
1, 2, and 3