GST RATE ON DE OILED CAKE
Nagesh Vibhute (7 Points)
23 September 2017Nagesh Vibhute (7 Points)
23 September 2017
SKumar
(Manager)
(385 Points)
Replied 23 September 2017
GST 5% for all Oil seed cakes,
EXCEPTION Cotton seed oil cake NIL RATED
Shrishail Valsange
(2 Points)
Replied 24 September 2017
SKumar
(Manager)
(385 Points)
Replied 24 September 2017
SV
To the best of my knowledge, irrespective of what process of Oil extraction is followed and how much oil has been extracted, the leftover waste is called "Oil seed Cake".
"Oil Seed Cake" explains source of the commodity and doesnot define the Oil content.
Nagesh Vibhute
(7 Points)
Replied 24 September 2017
SKumar
(Manager)
(385 Points)
Replied 24 September 2017
Dear Nagesh,
Oil Cakes are De-oiled.
Please refer GST Council Notification of 09/09/2017 (copy attached)
Oil Cakes Rate from 1st July 2017 to 09th Sep 2017 was Nil for Cattle Feed
and 5% for other uses .
Effective 09th Sep 2017, irrespective of end use Oil Cakes are taxed at 5%.
Only exemption is for Cotton Seed oil cake.
Nagesh Vibhute
(7 Points)
Replied 24 September 2017
SKumar
(Manager)
(385 Points)
Replied 24 September 2017
NV
Could you please share copy of notification 27 & 28 here.
prahlad daga
(28 Points)
Replied 28 September 2017
KARAN PREET
(2 Points)
Replied 01 October 2018
SKumar
(Manager)
(385 Points)
Replied 05 December 2018
RCM Tax liability arises on Freight paid for GTA service by road.
Also since goods are Nil Rated, one cannot avail ITC for the RCM tax paid.
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