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 exempted under GST (Goods and Services Tax)?
A
1 only
B
2 and 3 only
C
4 only
Correct Answer
D
1, 2 and 4 only
Explanation
Newspapers are exempt from GST to ensure the affordable dissemination of information, making option (c) correct as it is the only item listed that is not subject to tax. Option (d)
TaxationGST ExemptionsGSTexempted itemsCereal grains hulledChicken eggs cookedFish processed and cannedNewspapers containing advertising materialindirect tax