APPLICABILITY OF GST

[SURYAKANT MITHBAVKAR]

We are operating a Pvt Ltd company having three Directors. All Directors are from the same family i.e. Husband, wife & Son. One of Director is having Proprietorship concern which is having registered GST and the same Director is also having Farm House with joint name of his wife.

At their farm house they are growing agricultural products such as Vegetables, Rice, etc. Since we have canteen in our company the owner of the farm house wants to supply vegetable and rice at a reasonable rate to the company.

In this regard whether the supply of vegetable and Rice will attract GST?

AI Summary

Family-Run Company Considers Tax-Free Purchase of Unbranded Rice and Vegetables from Director-Owned Farm Under GST Rules A private limited company with three directors, all from the same family, is considering purchasing vegetables and rice from a farm owned by one of the directors and his wife. The query concerns whether the supply of these agricultural products to the company's canteen would be subject to Goods and Services Tax (GST). The response provided clarifies that unbranded rice and vegetables are exempt from GST, indicating that such transactions would not attract GST.