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TMI BlogExemption To Agriculture sector [ Entry no. 24,24A,24B,54,55,55A,57 ]X X X X Extracts X X X X X X X X Extracts X X X X ..... ct 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 warehousing of cotton in ginned and or baled form was co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lers. Milling of paddy into rice also changes its essential characteristics. Therefore, milling of paddy into rice cannot be considered as an i ntermediate 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 , for food, fibre, fuel, raw material or other similar products or agricultural produce by way of (a) a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ural Produce Marketing Committee or Board means any committee or board constituted under a State law for the time being in force for the purpose of regulating the marketing of agricultural produce Scope Following activities are covered within the scope of agriculture Pisciculture - Breeding of fish Sericulture - Rearing of silk worms floriculture - cultivation of ornamental flowers Horticulture Forestry Example Praveen a farmer provides services relating to cultivation of seeds. This is exempt. Exemption Entry 55 A Services by way of artificial insemination of livestock (other than horses) is exempt Exemption Entry 57 Services by way of pre-conditioning, precooling, ripening, waxing, retail packing, labelling of fruits and vegetables which ..... X X X X Extracts X X X X X X X X Extracts X X X X
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