Rice is not an agricultural produce

This query is : Resolved

Share Report Follow Query Ask a Query

Vikas Prajapati

Vikas Prajapati (Querist)
Follow

17 February 2017 Why rice is not an agricultural produce?

Saji Mathew

Saji Mathew (Expert)
Follow

17 February 2017 Section 65B(5) of the Finance Act, 2012, had excluded certain commodities including Rice from the earlier definition of agricultural produce, in their understanding Rice as an agricultural product continued to be exempt from the levy of Service Tax. However, they also indicated that they had sought a clarification from their Administrative Ministry and the Ministry of Finance on the correctness of their interpretation. -

Tony John

Tony John (Expert)
Follow

17 February 2017 Rice is harvested from paddy and is hence not a direct agricultural produce.

Tony John

Tony John (Expert)
Follow

17 February 2017 But processing/ milling of rice from paddy on job work basis is exempt from service tax levy vide Entry 30 of Mega Exemption Notification.

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

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SHRI HARIRAO

damodara rao tedla

ashvini tripathi

Yash

Choudhary

Subscribe Now

Rice is not an agricultural produce

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

GST CONSULTANCY

Accountant

Manager- Finance and Compliance

GST CONSULTANT

CA Final