GST rollout: List of items exempted from taxation - News Summed Up

GST rollout: List of items exempted from taxation


The introduction of GST will ensure that all central, state level taxes and levies on all goods and services will be subsumed within an integrated tax having two components – central GST and a state GST. All four GST bills were passed by both Houses of Parliament earlier this year pointing to a July 1 rollout. Pig fat, free of lean meat, and poultry fat, not rendered or otherwise extracted, fresh, chilled is also exempted. * Products of milling industry; malt; starches; inulin; wheat gluten – GST exemption on flour (aata, maida, besan etc. Cereal flours other than of wheat or meslin, that is, maize (corn) flour, Rye flour, etc.


Source: Indian Express June 30, 2017 08:26 UTC



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