Unbranded Rice is in which category is it exempted,Nil rated or NON GST items
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Kiran ray
GST Classification for Unbranded Rice: Exempt, Nil-Rated, or Non-GST? Clarification on Trademark Impact and Rates. A discussion on the Goods and Services Tax (GST) classification for unbranded rice was initiated, questioning whether it is exempt, nil-rated, or non-GST. A participant clarified that a brand name must be registered under the Trademark Act to attract a higher GST rate. Another participant questioned if a non-registered brand name would incur a 5% GST. It was explained that goods like rice, if not in a unit container or lacking a registered brand name, are nil-rated. A registered brand name under the Trade Marks Act attracts a 2.5% CGST rate. (AI Summary)
Goods and Services Tax - GST