Gst on wheat and soyabean

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Student CA Final
67 Points Posted on 07 January 2023
Is wheat exempt or taxable ??
Is soyabean exempt or taxable??
packaged or loose
What's the rate??
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On 07 January 2023 at 12:41 Report
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Quick Summary
This discussion clarifies the Goods and Services Tax (GST) applicable to wheat and soyabean. Generally, if sold in packaged form, both attract a 5% GST. However, loose wheat is typically exempt (nil GST). Branded packaging also leads to taxation. The query also touches upon the tax implications when a dealer purchases soyabean directly from a farmer.

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n/a
500 Points Posted on 07 January 2023

If sold in packaged - wheat & soyabean is 5%
If sold in loose  (wheat), GST is nil

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On 07 January 2023 at 17:39
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Profession Business
28246 Points Posted on 08 January 2023
If sold in branded packaging it's taxable.
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On 08 January 2023 at 08:11
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USA
24 Points Posted on 12 January 2023

If the wheat products are packaged and sold in the market then there will be tax I think.  wordle hint

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On 12 January 2023 at 12:44
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Navi peth
204 Points Posted on 15 February 2023
What if soyabean is purchased from farmer by dealer who will sale it to others, is it taxable?
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On 15 February 2023 at 12:49

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