Consider the following items: 1. Cereal grains hulled 2. Chicken eggs cooked 3. Fish processed and canned 4.…
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Consider the following items:
1. Cereal grains hulled
2. Chicken eggs cooked
3. Fish processed and canned
4. Newspapers containing advertising material
Which of the above items is/are exempted under GST (Goods and Services Tax)?
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• Correct Answer: D
• Hulled cereal grains, cooked chicken eggs, and newspapers are exempted from GST (nil rate).
• Processed and canned fish attracts 5% GST as it moves from primary product to processed food category.
• Statement 3 is incorrect; statements 1, 2, and 4 are correct.
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