Consider the following items:

1. Cereal grains hulled
2. Chicken eggs cooked
3. Fish processed and canned
4. Newspapers containing advertising material

Which of the above items is/are exempt under GST (Goods and Services Tax)?

1. 1 only
2. 2 and 3 only
3. 1, 2 and 4 only
4. 1, 2, 3 and 4

Explanation

Option (c) is correct

• GST was introduced in 2017 by the 101st Constitutional Amendment Act of 2016. It is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. It is a single indirect tax for the whole nation, making India a unified common market. As per 2017 data, Fish, crustaceans, molluscs & other aquatic invertebrates in processed, cured, or frozen states were taxable at the 5% rate under GST. As per the GST provisions, all the other options were exempt from GST.

Answer: (c) 1, 2 and 4 only; Difficulty Level: Hard