Q97.
Consider the following items: 1. Cereals grains hulled 2. Chicken eggs cooked 3. Fish processed and canned 4. Newspapers containing advertising material Which of the above items is/are exempted under GST (Goods and Services Tax)?
Answer
A
Explanation
While cereals, eggs, fish etc. are exempted from GST, 'cooked' chicken eggs and 'processed and canned' fish are not exempted (these are value-added products). Newspapers containing advertisements are taxed under GST - newspapers must pay 5% GST on revenue earned from space selling. Only hulled cereal grains (item 1) are exempted.