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GST Rate on Sale of Fruits
Please specify gst rates
Replies (10)
Quick Summary
No GST on Fruits
Is it zero rated or exempted ?
Exempted....
Zero rated only for Export Sale
Zero rated only for Export Sale
Fresh Fruits and Vegetables are Exempted from GST vide Notification No. 2/2017 - Central Tax ( Rate ), dated 28th June 2017.
Can input against this sale be claimed as refund ? If yes under which refund head ?
Which input
Any input credit
No
You can not claim ITC (Your outward taxable supplies is exempted)
You can not claim ITC (Your outward taxable supplies is exempted)
No Refund of Input Tax Credit will be allowed in this case since the Fruits are EXEMPTED from GST. Refund is allowed only incase of Zero Rated Supplies.
With the declaration of GST rates of fruits and vegetables, fresh and unprocessed fruits and vegetable have been exempted which is a positive impact of GST for agricultural industry. However higher rates of 12% and 18% have been introduced for dry fruits and preparation from fruits and vegetables which were taxed at a rate of 5% earlier leading to a negative impact on FMCG Companies.
The overall GST rates will impact majorly the end consumers as the goods which was earlier taxed at a rate of 5% will now be taxed at 12% or 18% leading to a price increase and consumption decrease.
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