No need to pay GST on Soya beans

 

 

Soya beans is exempted from paying GST

 

Is GST payable on Soya beans? What is the concessional rate of GST on Soya beans?  I am a soya beans buying and selling agent, should I need to pay GST?

 

GST tax on Soya beans under HSN chapter 1201



As per GST Law, there is no GST payable on Soya beans.  

So the rate of GST payable on Soya beans is nil rate.

 

The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury - 28%.   The most essential goods and services attract nil rate of GST under Exempted Categories.     Luxury goods and services and certain specific goods and services   attract additional cess than 28% GST.

 

 

This information is about GST on Soya beans.  Would you like to add more information about GST rate tariff on Soya beans?  Share below your comments about Goods and Service Tax levied on sale or purchase of Soya beans.

 

The above details about GST rate tariff on Soya beans is only for information.

The validity of above information and amendments about GST rate on Soya beans may be verified before any business dealing.

 

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