Option 1: Gold -> Subject to GST at 3% along with making charges.
Option 2: Silver -> Subject to GST similar to gold and other precious metals.
Option 3: Luxury Consumables -> Covered under GST, typically at higher tax slabs (18% or 28%).
Option 4: Tobacco -> While tobacco products attract GST along with compensation cess, certain aspects of tobacco taxation involve additional excise duties outside the standard GST framework.
Hence, Tobacco -> Tobacco products, while technically under the GST structure, are subject to a dual taxation system with both GST and additional compensation cess/excise duties. The taxation mechanism for tobacco is complex and involves levies beyond the standard GST framework, making it partially outside the pure GST ambit. Products completely outside GST include petroleum products and alcoholic liquor for human consumption. -> correct