Exemption To Agriculture sector [ Entry no. 24,24A,24B,54,55,55A,57 ]

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.... Warehousing: Means the act of depositing goods in a warehouse. Example Raman has a business of rice storage, packing etc. and has provided service of, packing and storage or warehousing of rice such service shall be exempt. Exemption entry 24A & 24B * Services by way of warehousing of minor forest produce is exempt. [ Entry 24A ] * Services by way of storage or warehousing of cereals, pulses, fruits and vegetables is exempt [ Entry 24B ] * Few Clarifications Circular No. 177/09/2022-TRU clarifies Issues Held that Whether storage or warehousing of cotton in baled or ginned form is covered under entry 24B of Notification No. 12/2017-Central Tax (Rate) before 18.07.2022 it is clarified that service by way of storage or ware....

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.... processing of paddy into rice is not usually carried out by cultivators but by rice millers. Milling of paddy into rice also changes its essential characteristics. * Therefore, milling of paddy into rice cannot be considered as an intermediate production process in relation to cultivation of plants for food, fibre or other similar products or agricultural produce. it is clarified that milling of paddy into rice is not eligible for exemption. Further milling of paddy into rice on job work basis, is liable to GST at the rate of 5%, on the processing charges (and not on the entire value of rice). Exemption entry 54 * Services relating to cultivation of plants and rearing of all life forms of animals, except the rearing of horses, ....