_____________ is/are an item for which both, GST and central excise duty are applicable in India.

The correct answer is Tobacco and tobacco products. Key Points

• On Tobacco and tobacco products, GST and central excise duty are applicable in India.
• GST (Goods and Services Tax) is a consumption tax that is levied on the sale of goods and services in India.
• Central excise duty is a tax on the production or manufacture of goods in the country.

Additional Information

• GST is a digital version of VAT that allows you to track products and services.
  • The tax slabs for GST and VAT are the same.
• A shop or an intermediary collects central excise duty from a client as an indirect type of taxation.
  • When the products are moved from the production line to a warehouse, they get paid.
  • The Central Excise Tariff Act of 1985 and the Central Excise Act of 1944 both oversee this specific tax.
• Even though liquor hasn’t been brought under the purview of Goods and Services Tax, it still falls under other taxes that contribute to its rising prices. These taxes are:
  • Excise Duty
  • VAT (Value Added Tax)
• Petroleum products, on the other hand, are subject to GST and a different type of excise duty called the Central Excise Duty and Additional Excise Duty, but not the central excise duty mentioned in the question.
• All agricultural commodities are exempt from GST, but some of them may be subject to other taxes or duties depending on their nature and usage.