Companies providing services of cold storage of unprocessed agricultural produce is exempt under GST.
1)But if the company pays rent of warehouse to a unregistered party or take any service from unregistered party, does RCM has to be paid? If YES then ITC will not be utilized since output service is exempt and eventually it will lead to increase in storage cost and burden for farmers.
2) Does supply of exempt services (cold storage) has to be mentioned in GSTR-3B or GSTR-1? (GSTIN already taken)
3) Does heavy electricity charges and fuel expenses paid by cold storage has to be mentioned under NON-GST inward supply?
Need guidance. Thanks in advance.
CAclubindia
