parched rice attract no GST
Should I need to pay GST on my product parched rice, commonly known as khoi? Does my goods parched rice, commonly known as khoi exempt from paying GST? parched rice, commonly known as khoi falls under GST exemption list
GST tax on parched rice, commonly known as khoi under HSN chapter 1904
As per GST Law, there is no GST payable on parched rice, commonly known as khoi.
So the rate of GST payable on parched rice, commonly known as khoi is nil rate.
Under GST, all goods and services transacted in India are classified under the HSN code system or SAC Code system. Goods are classified under HSN Code and services are classified under SAC Code. Based on the HSN or SAC code, GST rates have been fixed in five slabs, namely NIL, 5%, 12%, 18% and 28%, with lower rates for essential items and the highest for luxury and de-merits goods that would also attract an additional cess.
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