GST applicability on agricultural produce clarified: exemption limited to unprocessed produce while processed items and related services are taxable. The circular clarifies that the GST exemption for loading, unloading, packing, storage and warehousing is limited to unprocessed 'agricultural produce' retaining essential characteristics; processed products such as teas, processed coffee, dehusked pulses, jaggery and processed nuts are excluded and taxable. It further states that inter state stock transfers of aircraft engines, parts and accessories between related or distinct persons attract GST and that ITC paid on such goods is available to discharge GST on those transfers. General insurance services paid wholly by government, and government provided insurance to individuals, are exempt under the relevant notifications.
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GST applicability on agricultural produce clarified: exemption limited to unprocessed produce while processed items and related services are taxable.
The circular clarifies that the GST exemption for loading, unloading, packing, storage and warehousing is limited to unprocessed "agricultural produce" retaining essential characteristics; processed products such as teas, processed coffee, dehusked pulses, jaggery and processed nuts are excluded and taxable. It further states that inter state stock transfers of aircraft engines, parts and accessories between related or distinct persons attract GST and that ITC paid on such goods is available to discharge GST on those transfers. General insurance services paid wholly by government, and government provided insurance to individuals, are exempt under the relevant notifications.
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