Goods and Services Tax (GST) has been implemented in India since July 1, 2017. It is a single indirect tax that has replaced all the previous indirect taxes like VAT, excise duty, service tax, etc. The government has categorized goods and services under different tax slabs- 5%, 12%, 18% and 28%. Fruits and vegetables are an essential part of our daily diet and are considered a healthy source of nutrition. In this article, we will discuss GST rates of fruits and vegetables and items taxed at 18%.
According to the GST council, fresh fruits and vegetables have been kept zero-rated, which means they are exempted from GST. However, processed and packaged fruits and vegetables like frozen vegetables, pickles, dried fruits, canned fruits, fruit juices, etc. attract GST. The GST rate on processed and packaged fruits and vegetables is 5%.
As per the GST council's decision, items that are categorized under 18% GST are considered luxury items or have a higher consumption value. Let's see some of the items that fall under this category:
It is important to note that the GST rates are subject to change as per the government's decision.
From the above discussion, we can conclude that fresh fruits and vegetables are GST exempted while processed and packaged fruits and vegetables attract a GST rate of 5%. Items that are categorized under 18% GST are considered luxury items or have a higher consumption value. It is essential for small and medium business owners and startup founders to keep themselves updated with the latest GST rates to avoid any legal complications.
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