Consider the following items 1 Cereal grains hulled 2 Chicken eggs cooked 3 Fish processed and canne...........

Economic Affairs Tax System

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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 exempt under GST (Goods and Services Tax)?

1 only

2 and 3 only

1, 2 and 4 only

1, 2, 3 and 4

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Explanation:

Justification: 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.