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Question 97

Consider the following items :
1. Cereal 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)?

AOptions

A) 1 only

B) 2 and 3 only

C) 1, 2 and 4 only

D) 1, 2, 3 and 4

BSolution

Let's analyze which of the given items are exempted under GST (Goods and Services Tax), based on common GST provisions for basic goods (as of knowledge up to January 2025):

1. Cereal grains hulled: Most unprocessed or minimally processed food grains, including hulled cereal grains (e.g., unbranded rice, wheat, pulses), are generally exempted from GST. The intent is to keep essential food items affordable. However, if they are branded and packed, they may attract GST.

2. Chicken eggs cooked: Fresh and unprocessed eggs (whether raw or simply cooked for consumption, not as a processed product) are exempted from GST. This generally includes basic preparation like boiling eggs.

3. Fish processed and canned: Processed and branded food items like canned fish are generally not exempted from GST. They fall under various GST slabs, as they are considered value-added products.

4. Newspapers containing advertising material: Newspapers, including those containing advertising material, are generally exempted from GST. This exemption supports the dissemination of information and promotes literacy.

Therefore, items 1, 2, and 4 are typically exempted under GST.

CStrategy

For questions on taxation, particularly GST, focus on general principles of exemptions. Basic necessities, unprocessed food items, and services promoting education or information are often exempted, while processed, branded, or luxury goods typically attract tax. However, specific lists can be quite detailed and require memorization.

DSyllabus Analysis

This question falls under Indian Economy, specifically focusing on the taxation system in India, particularly the Goods and Services Tax (GST) and its exemptions.

EQuestion Analysis

Difficult. It requires precise and detailed factual knowledge of GST exemptions, which can be very specific and subject to changes.