Rice sales

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1 Points Posted on 24 June 2020
gst rate on rice
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On 24 June 2020 at 22:14 Report
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This discussion clarifies the Goods and Services Tax (GST) applicable to rice sales. Unbranded rice sold loose is exempt from GST. However, if rice is sold under a registered brand name and packaged, such as popular brands like India Gate or Fortune, it is subject to a 5% GST rate. The relevant HSN code for branded rice in unit containers is 1006.

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23693 Points Posted on 24 June 2020
If the Rice is Unbranded and sold in loose quantity, then it is EXEMPTED from GST vide Notification No. 2/2017 - Central Tax ( Rate ), dated 28th June 2020.

If the Rice is being sold under a registered Brand Name and put up in a container/packaged ( like India Gate Basmati Rice, Fortune, Patanjali etc ) then GST @ 5% is applicable.

HSN CODE : 1006

DESCRIPTION : Rice put up in unit container and bearing a Registered Brand Name.

GST RATE : 5%

Regards,
Shivam RC.
2 Reply
On 24 June 2020 at 22:31
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241 Points Posted on 28 June 2020
Exempt
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On 28 June 2020 at 16:10

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