https://www.taxtmi.com/article/detailed?id=7865 Agricultural income from cultivation is exempt from income tax whether sold domestically or exported; separate SEZ export exceptions apply. GST treatment depends on product taxability: taxable agricultural goods can be exported as zero rated supplies either under a Letter of Undertaking without payment of tax or by paying tax and claiming refund. Persons procuring from farmers are merchant exporters whose income is taxable and who may use the same LUT or tax and refund mechanisms; farmers sourcing from other farms and exporting are treated as merchant exporters. en-us Mon, 05 Feb 2018 16:00:38 +0530 Mon, 05 Feb 2018 16:00:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7865 Agricultural income from cultivation is exempt from income tax whether sold domestically or exported; separate SEZ export exceptions apply. GST treatment depends on product taxability: taxable agricultural goods can be exported as zero rated supplies either under a Letter of Undertaking without payment of tax or by paying tax and claiming refund. Persons procuring from farmers are merchant exporters whose income is taxable and who may use the same LUT or tax and refund mechanisms; farmers sourcing from other farms and exporting are treated as merchant exporters. Articles Income Tax Mon, 05 Feb 2018 16:00:38 +0530 https://www.taxtmi.com/article/detailed?id=7865