GST on Rice_

Save Share

This query is : Resolved

Quick Summary

This discussion clarifies the Goods and Services Tax (GST) implications for rice sales. Generally, unbranded, pre-packaged rice up to 25kg attracts a 5% GST. Notably, 50kg bags are exempt, and stock purchased before GST notifications is still subject to GST at the point of sale.

USHA B G

USHA B G (Querist)

23 October 2022 Dear all,

My query is what type of rice is GST attracted i am bit confused in this, please give a clarity on this and one of my client is selling cleaned quality of rice of 25kg and 50 kg but no brand name on it does it attract GST,

If the same as brand name and attracts GST, what about the stock before the GST Notification still we need to charge GST on that

Please resolve my query

Thanks in advance

Regards
USHA B G

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

23 October 2022 As per the new regulations, all unbranded and pre-packaged items weighing up to 25 kg will attract 5% GST.
No GST on 50kg bag of rice.
GST applicable on 25kg rice bag.
No GST applicable on stock.
GST applicable at the time of sale whatever GST is applicable.

Message likes : 2 times

USHA B G

USHA B G (Querist)

23 October 2022 Dear sir,

Thanks for your reply , what about rice purchased before GST Notification do we have to charge GST on that also at the point of sale

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

23 October 2022 Yes on the point of sale GST chargeable on the purchase made before GST notification.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now