Here’s an updated list of some commonly known GST exemptions as of January 11, 2024 in India:
Food and Beverages:
- Unprocessed food items like cereals, pulses, fruits, vegetables, milk, honey, eggs, etc.
- Natural mineral water, tender coconut water.
- Certain essential commodities like bread, jaggery, atta, salt, etc.
Education and Healthcare:
- Services provided by way of tuition fees for education of children up to 12th standard.
- Supply of educational equipments or aids, books, newspapers, and journals.
- Services provided by hospitals, nursing homes, dispensaries, etc. by way of treatment or diagnosis.
Agriculture and Rural Development:
- Supply of agricultural tools and implements.
- Supply of live poultry and fish.
- Supply of seeds, fertilizers, and bio-pesticides.
- Income from poultry raising and beekeeping.
Other Exemptions:
- Supply of sanitary napkins and menstrual cups.
- Supply of goods to SEZs (Special Economic Zones).
- Goods for personal use up to INR 50,000 imported through Rupee Payment Channels by passengers.
- Funeral and burial services.
Please note:
- This is not an exhaustive list and there may be other exemptions applicable depending on the specific goods or services.
- The GST rates and exemptions may change periodically.
- It’s always advisable to consult Company Mitra for precise and up-to-date information regarding GST applicability to your specific situation.