(in Australia, New Zealand, and Canada)abbreviation for (Banking & Finance) goods and services tax Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014 ...
1%-56% Luxury Consumption tax applies to prescribed nonessential and luxury or resource-intensive goods (including alcohol, luxury cosmetics, fuel oil, jewellery, motorcycles, motor vehicles, petrol, yachts, golf products, luxury watches, disposable wood chopsticks, tobacco, certain cell and coating ...
Petrol is not under GST, which goes against the ideals of the unification of commodities. Take a look at the share of GST in government earnings for the previous fiscal: UPSC can ask about the majority component of the Revenue Receipts of the govt. See how Corporate tax is nearing the GST...