{"id":1743,"date":"2024-03-29T14:44:35","date_gmt":"2024-03-29T09:14:35","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=1743"},"modified":"2024-04-03T07:13:00","modified_gmt":"2024-04-03T01:43:00","slug":"q-consider-the-following-items","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/q-consider-the-following-items","title":{"rendered":"Q.\u00a0Consider the following items:"},"content":{"rendered":"\n
    \n
  1. Cereal grains hulled<\/li>\n\n\n\n
  2. Chicken eggs cooked<\/li>\n\n\n\n
  3. Fish processed and canned<\/strong><\/li>\n\n\n\n
  4. Newspapers containing advertising material<\/li>\n<\/ol>\n\n\n\n

    Which of the above items is\/are exempted under GST<\/strong> (Good and Services Tax)?<\/p>\n\n\n\n

      \n
    • 1 only<\/li>\n\n\n\n
    • 2 and 3 only<\/li>\n\n\n\n
    • 1, 2 and 4 only<\/li>\n\n\n\n
    • 1, 2, 3 and 4<\/li>\n<\/ul>\n\n\n\n
      \n

      Answer:<\/strong> (c) 1, 2 and 4 only<\/strong><\/p>\n<\/blockquote>\n\n\n\n

      Notes:<\/h5>\n\n\n\n
        \n
      • GST exemptions are specific goods or services that are exempt from the application of GST.<\/strong><\/li>\n\n\n\n
      • There are three types of GST exemptions <\/strong>available in India.\n
          \n
        • Absolute:<\/strong> Absolute exemptions are those exemptions that are provided on the full amount and do not come with any conditions or restrictions, whatsoever. A good example is the exemption on the services of RBI.<\/li>\n\n\n\n
        • Conditional:<\/strong> Conditional exemptions are those exemptions that have a certain limit, condition, or restriction on the nature and extent of the exemption. For example, hotel services are exempt up to a certain extent and not exempt fully.<\/li>\n\n\n\n
        • Partial:<\/strong> Unregistered people who supply goods within the state to a registered person are exempt from GST under reverse charge only if the aggregate value of supply is not more than Rs.5000 per day.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
        • Previously GST council imposed a 5% rate of GST on hulled grains. However, later on 11th June 2017, the rate of GST applicable on hulled grains is 0%<\/strong> (nil rate) fixed by GST council at the introduction of GST in July 2017 is 0%<\/li>\n\n\n\n
        • Cereal grains hulled falls under GST HSN code chapter 1104.<\/li>\n\n\n\n
        • Cooked eggs is exempted from paying GST, the rate of GST payable on cooked eggs is nil rate<\/strong>.<\/li>\n\n\n\n
        • Fish, crustaceans, molluscs & other aquatic invertebrates in processed, cured or frozen<\/strong> state are taxable at 5% rate under GST.<\/li>\n\n\n\n
        • Newspapers containing advertising material has 0% GST rate<\/strong>.\n
            \n
          • However, ads attract 5% GST<\/strong>, not the newspapers publishing them. <\/li>\n<\/ul>\n<\/li>\n\n\n\n
          • Newspapers with or without advertisements are exempted from GST<\/strong>.<\/li>\n<\/ul>\n\n\n\n
            List of GST Exemption on Goods<\/h6>\n\n\n\n
            Types of goods<\/th>Examples<\/th><\/tr><\/thead>
            Live animals<\/strong><\/td>Asses, cows, sheep, goats, poultry, etc.<\/td><\/tr>
            Meat<\/strong><\/td>Fresh and frozen meat of sheep, cows, goats, pigs, horses, etc.<\/td><\/tr>
            Fish<\/strong><\/td>Fresh or frozen fish<\/td><\/tr>
            Natural products<\/td>Honey, fresh and pasteurized milk, cheese, eggs, etc.<\/td><\/tr>
            Live trees and plants<\/td>Bulbs, roots, flowers, foliage, etc.<\/td><\/tr>
            Vegetables<\/td>Tomatoes, potatoes, onions, etc.<\/td><\/tr>
            Fruits<\/td>Bananas, grapes, apples, etc.<\/td><\/tr>
            Dry fruits<\/td>Cashew nuts, walnuts, etc.<\/td><\/tr>
            Tea, coffee and spices<\/td>Coffee beans, tea leaves, turmeric, ginger, etc.<\/td><\/tr>
            Grains<\/td>Wheat, rice, oats, barley, etc.<\/td><\/tr>
            Products of the milling industry<\/td>Flours of different types<\/td><\/tr>
            Seeds<\/td>Flower seeds, oil seeds, cereal husks, etc.<\/td><\/tr>
            Sugar<\/td>Sugar, jaggery, etc.<\/td><\/tr>
            Water<\/td>Mineral water, tender coconut water, etc.<\/td><\/tr>
            Baked goods<\/td>Bread, pizza base, puffed rice, etc.<\/td><\/tr>
            Fossil fuels<\/td>Electrical energy<\/td><\/tr>
            Drugs and pharmaceuticals<\/td>Human blood, contraceptives, etc.<\/td><\/tr>
            Fertilizers<\/strong><\/td>Goods and organic manure<\/td><\/tr>
            Beauty products<\/strong><\/td>Bindi, kajal, kumkum, etc.<\/td><\/tr>
            Waste<\/td>Sewage sludge, municipal waste, etc.<\/td><\/tr>
            Ornaments<\/td>Plastic and glass bangles, etc.<\/td><\/tr>
            Newsprint<\/strong><\/td>Judicial stamp paper, envelopes, rupee notes, etc.<\/td><\/tr>
            Printed items<\/strong><\/td>Printed books, newspapers, maps, etc.<\/td><\/tr>
            Fabrics<\/td>Raw silk, silkworm cocoon, khadi, etc.<\/td><\/tr>
            Hand tools<\/td>Spade, hammer, etc.<\/td><\/tr>
            Pottery<\/td>Earthen pots, clay lamps, etc.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
            List of GST Exemption on Services<\/h6>\n\n\n\n
            Types of services<\/th>Examples<\/th><\/tr><\/thead>
            Agricultural services<\/strong><\/td>Cultivation, supplying farm labor, harvesting, warehouse-related activities, renting or leading agricultural machinery, services provided by a commission agent or the Agricultural Produce Marketing Committee or Board for buying or selling agriculture produce, etc.<\/td><\/tr>
            Government services<\/strong><\/td>Postal service, transportation of people or goods, services by a foreign diplomat in India, services offered by the Reserve Bank of India, services offered to diplomats, etc.<\/td><\/tr>
            Transportation services<\/strong><\/td>Transportation of goods by road, rail, water, etc., payment of toll, transportation of passengers by air, transportation of goods where the cost of transport is less than INR 1500, etc.<\/td><\/tr>
            Judicial services<\/strong><\/td>Services offered by the arbitral tribunal, partnership firm of advocates, senior advocates to an individual or business entity whose aggregate turnover is up to INR 40 lakhs<\/td><\/tr>
            Educational services<\/strong><\/td>Transportation of faculty or students, mid-day meal scheme, examination services, services offered by IIMs, etc.<\/td><\/tr>
            Medical services<\/strong><\/td>Services offered by ambulances, charities, veterinary doctors, medical professionals, etc. does not include hair transplant or cosmetic or plastic surgery.<\/td><\/tr>
            Organizational services<\/td>Services offered by exhibition organizers for international business exhibitions, tour operators for foreign tourists, etc.<\/td><\/tr>
            Other services<\/td>Services offered by GSTN to the Central or State Government or Union Territories, admission fee payable to theatres, circuses, sports events, etc. which charge a fee up to INR 250<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"

            Which of the above items is\/are exempted under GST (Good and Services Tax)? Answer: (c) 1, 2 and 4 only Notes: List of GST Exemption on Goods Types of goods Examples Live animals Asses, cows, sheep, goats, poultry, etc. Meat Fresh and frozen meat of sheep, cows, goats, pigs, horses, etc. Fish Fresh or frozen fish Natural products…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1,3],"tags":[38],"years":[55],"class_list":["post-1743","post","type-post","status-publish","format-standard","hentry","category-upsc","category-prelims","tag-indian-economy","years-55"],"acf":[],"taxonomy_info":{"category":[{"value":1,"label":"UPSC"},{"value":3,"label":"Prelims"}],"post_tag":[{"value":38,"label":"Indian Economy"}],"years":[{"value":55,"label":"2018"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0},{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1}],"tag_info":[{"term_id":38,"name":"Indian Economy","slug":"indian-economy","term_group":0,"term_taxonomy_id":38,"taxonomy":"post_tag","description":"","parent":0,"count":225,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=1743"}],"version-history":[{"count":0,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1743\/revisions"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=1743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=1743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=1743"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=1743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}