Consider the following items:
1. Cereal grains hulled
2. Chicken eggs cooked
3. Fish processed and canned
4. Newspapers containing advertising material
Which of the above items is/are exempted under GST (Goods and Services Tax)?
Consider the following items:
1. Cereal grains hulled
2. Chicken eggs cooked
3. Fish processed and canned
4. Newspapers containing advertising material
Which of the above items is/are exempted under GST (Goods and Services Tax)?
Answer:
(c)
Non-traditional
Previously GST council imposed 5% rate of GST on hulled grains. However, later on 11th June 2017, the rate of GST applicable on hulled grains is 0%. (Nil rate) falls under GST HSN code number 1104. Source:( http://howtoexportimport.com/Rate-of-GST-on-Hulled-cereal-grains-7241.aspx) Chicken eggs cooked: 0% GST rate Source ( https://www.exportgenius.in/gst-tax-rates/chicken-egg) Fish processed and canned: 5% GST rate Source ( https://www.indiafilings.com/learn/gst-rate-for-fish-fish-products-and-seafood/) Newspapers containing advertising material: 0% GST rate Source ( https://cleartax.in/s/printed-books-brochures-newspapers-gst-rate-hsn-code) However, ads attract 5% GST, not the newspapers publishing them (for selling space for advertisements in the print media would be 5%). Newspapers per se – with or without advertisements – are exempt from GST.