Q1. 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)?
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)?
Explanation
The Goods and Services Tax (GST) in India classifies goods and services into various tax slabs, with certain essential items exempted to ensure affordability.
Option (c) is correct:
Unprocessed cereal grains including those that are hulled are exempted from GST as they are considered basic food staples. Cooked eggs are exempt from GST aligning with the tax exemption on basic food products. Newspapers irrespective of whether they contain advertising material are exempt from GST to support the dissemination of information. Processed and canned fish are subject to GST as they are considered value-added products