Q11 · UPPSC current affairs · 6 October 2026 · News · Proposal to Withdraw IGST Exemption on Precious Metal Imports

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English हिंदी

Consider the following statements regarding the taxation of imports under the Goods and Services Tax framework:1.Integrated Goods and Services Tax (IGST) applies to goods imported into India under Article 269A of the Constitution.2.IGST exemptions on precious metal imports by nominated agencies are managed exclusively by the Ministry of Rural Development.Which of the statements given above is/are correct?

A 1 only

B Neither 1 nor 2

C Both 1 and 2

D 2 only

Correct answer: (a) 1 only

Explanation

Statement 1 is correct; Integrated GST applies to goods imported into India under Article 269A. Statement 2 is incorrect because GST policies, council decisions, and import tax exemptions are handled by the GST Council and the Ministry of Finance, not the Ministry of Rural Development.

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