Nil tariff GST on purchase of broken soya beans

Broken Soya beans attract no GST

 

No GST applicable for broken Soya beans? GST on broken soya beans is nil rate??  I am a broken soya beans dealing agent, should I need to pay GST?

 

GST tax on broken soya beans under HSN chapter 1201



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

So the rate of GST payable on broken soya beans is nil rate.

 

Four main GST rate slabs framed with Essential goods and services, Standard goods and services and luxury goods and services with 5%, 12%, 18% and 28% respectively.  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.

 

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

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

 

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Comments


Artan Luku: Dear Sir/Madam, I am Purchesing Departament of a company in Albania called AIBA. We are an egg producing company and we are currently housing a maximum of 500.000 laying hens and 150.000 growers. We produce our own feed in our feed mill and we also sell animal feed and the grains we use to make that feed in bulk. We usually import Soya Bean Meal in 1300 mt vessels every month from Italy (Ravenna or Venice depending on price) and we recently imported from a wholesaler in Koper (Slovenia). I need to buy again in end of January-beginning of February period. Can you give us a F.O.B quotation to buy 1300 mt in the period I mentioned above? I thank you in advance for your response. Kind Regards,

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