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GST Rate on Sale of Fruits

Dhaval Ramesh Gala (Article) (177 Points)

19 November 2020

Please specify gst rates

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10 Replies

JATINDER KUMAR (Accountant) (3662 Points)
Replied 19 November 2020

No GST on Fruits

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Dhaval Ramesh Gala (Article) (177 Points)
Replied 19 November 2020

Is it zero rated or exempted ?

JATINDER KUMAR (Accountant) (3662 Points)
Replied 19 November 2020

Exempted....

Zero rated only for Export Sale

Shivam RC (Student) (23683 Points)
Replied 19 November 2020

Fresh Fruits and Vegetables are Exempted from GST vide Notification No. 2/2017 - Central Tax ( Rate ), dated 28th June 2017.

Dhaval Ramesh Gala (Article) (177 Points)
Replied 20 November 2020

Can input against this sale be claimed as refund ? If yes under which refund head ?

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JATINDER KUMAR (Accountant) (3662 Points)
Replied 20 November 2020

Which input

Dhaval Ramesh Gala (Article) (177 Points)
Replied 20 November 2020

Any input credit

JATINDER KUMAR (Accountant) (3662 Points)
Replied 20 November 2020

No

You can not claim ITC (Your outward taxable supplies is exempted)

Shivam RC (Student) (23683 Points)
Replied 20 November 2020

No Refund of Input Tax Credit will be allowed in this case since the Fruits are EXEMPTED from GST. Refund is allowed only incase of Zero Rated Supplies.

debora M (BUSINESS DEVELOPMENT MANAGER) (1697 Points)
Replied 20 November 2020

With the declaration of GST rates of fruits and vegetables, fresh and unprocessed fruits and vegetable have been exempted which is a positive impact of GST for agricultural industry. However higher rates of 12% and 18% have been introduced for dry fruits and preparation from fruits and vegetables which were taxed at a rate of 5% earlier leading to a negative impact on FMCG Companies.

The overall GST rates will impact majorly the end consumers as the goods which was earlier taxed at a rate of 5% will now be taxed at 12% or 18% leading to a price increase and consumption decrease.