1. Consider the following statements about the Goods and Services Tax (GST):
1) GST is applicable only to the supply of goods or services
2) Alcohol, petroleum and tobacco products are exempted from the purview of GST
 

Which of the above statements is/are correct?

1. 1 only

2. 2 only

3. Both 1 and 2

4. Neither 1 nor 2

Correct Answer :

1 only