Hello viewers!! Here is a Highlight on MOST TRENDING TOPIC- GST Rates on ‘HOUSEHOLD ITEMS’ which are effective from 18th July 2022.
- Household Items has become costlier from 18.07.2022
These items would attract GST when “pre-packaged and labelled”- as per Notification No- 6/2022
ITEMS
GST RATES
Curd, Lassi, buttermilk
5%
Paneer
5%
Jagger, Khand-sari sugar
5%
Natural Honey
5%
Puffed Rice, Rice flour
5%
Rice, Wheat, Rye, Barley, Oats (Cereals)-Qty of up to 25kg only
5%
Wheat & Meslin Flour
5%
Tender Coconut water
5%
Above list of items are not exhaustive .
- Important Clarifications on the above notification by CBIC-
RELEVANT FOR THE SUPPLIERS OF GOODS –
–Only those items which are pre-packaged and pre labelled with a quantity up to 25 kg/ litres would attract GST levy. This means items above quantity -25kg/litres are exempt from such levy.
-Also clarified if several packages are intended for retail sale to ultimate consumer, say 10 packages of 10kg each, are sold in a larger pack, then GST would apply to such supply. Such a package may be sold by a manufacturer through a distributor.
-The CBIC has also clarified that packaged commodities supplied for consumption by industrial consumers or institutional consumers are excluded from the purview of the Legal Metrology Act. Therefore, no GST will be attracted on this.
-In case of Manufacturer is supplying to distributor, to dealer and to retailer then GST will be applicable to it but the manufacturer/wholesaler/retailer would be entitled to Input Tax Credit (ITC) on GST charged by his supplier in accordance with ITC provisions in GST.
- TWEET BY GST COUNCIL- FINANCE MINISTER – NIRMALA SITHARAMAN JI-
GST Council has however exempted GST on all items specified below in the list, when sold loose/unpacked, and not pre-packaged or pre labelled. They will not attract any GST.
HSN
DESCRIPTION
0713
Pulses/Daal
1001
Wheat
1002
Rye
1004
Oats
1005
Maize
1006
Rice
1101
Aata/Flour
1103
Suji/Rawa
1106
Besan
1904
Puffed Rice
0403
Curd/Lassi
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