Services by way of storage or warehousing of rice attracts no GST
Any GST payable for Services by way of storage or warehousing of rice? Does Services by way of storage or warehousing of rice fall under GST exemption list? I am doing Services by way of storage or warehousing of rice. Should I need to pay GST?
As per GST Law 2017, there is no GST payable on Services by way of storage or warehousing of rice.
So the rate of GST payable on Services by way of storage or warehousing of rice is nil rate.
We already know that the GST slabs are pegged at 5%, 12%, 18% & 28%. under GST- 5 percent for essential goods, standard rate of 12 and 18 percent, high rate of 28 percent and peak rate of 28 percent plus cess for luxury items. The most essential goods and services attract nil rate of GST under Exempted Categories.
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The above details about GST rate tariff on Services by way of storage or warehousing of rice is only for information.
The validity of above information and amendments about GST rate on Services by way of storage or warehousing of rice may be verified before any business dealing.
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