25.1 C
New Delhi
Saturday, November 2, 2024
HomeFinanceWhen sold loose, Wheat, rice and 9 other items will not attract...

When sold loose, Wheat, rice and 9 other items will not attract GST

Finance Minister said that the choice to exact expense on pre-stuffed and pre-marked things was taken by GST Council in general and not one part.

After a ruckus over monumental a 5 percent GST on pre-bundled and pre-marked things from Monday, Finance Minister Nirmala Sitharaman on Tuesday explained that these things, when sold free won’t draw in any Goods and Service Tax (GST).

The things including rice, beats, and so on, are right now falling under the ambit of the GST.


The Finance Minister in a progression of 14 tweets said that the choice to exact duty on pre-stuffed and pre-named things was taken by the GST Council overall and not one part.

“The GST_Council has absolved from GST, all things determined beneath in the rundown, when sold free, and not pre-stuffed or pre-marked. They won’t draw in any GST. The choice is of the @GST_Council and nobody part. The course of direction is given underneath in 14 tweets,” she said.

Following things won’t draw in GST whenever sold free

Beats/Daal

Wheat

Rye

Oats

Maize

Rice

Aata/Flour

Suji/Rawa

Besan

Puffed rice

Curd/Lassi

Source

- Advertisment -

YOU MAY ALSO LIKE..

Our Archieves