Tax Rate & Reverse charge
This query is : Open
Gopal singhal
(Querist)
07 July 2017
What will be the rates of GST on agricultural produce sold by farmer to a mandi trader.
Whether a mandi trader has to pay GST under reverse charge on purchase from a farmer for the value exceeding Rs. 5000/- per day.
CA Rashmi Gandhi
(Expert)
07 July 2017
Its completely exempted. Reverse charge not applicable as most product are under exempted category.
SOYABEAN,TIL,SPICES are under 5% category.
Gopal singhal
(Querist)
07 July 2017
Then GST to be deposited on such items on reverse charge??
CA Rashmi Gandhi
(Expert)
07 July 2017
Yes. Both at time of purchase & sale.
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Gopal singhal
(Querist)
07 July 2017
okk thank you
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Gopal singhal
(Querist)
07 July 2017
whether mustard will be taxable under GST??
CA Rashmi Gandhi
(Expert)
07 July 2017
Welcome.....
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CA Rashmi Gandhi
(Expert)
07 July 2017
Tax free if of seed quality otherwise 5%
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