We are a Pvt Limited Company dealing with
1. Production and sale of Paddy straw Mushroom. We don't package and we sell is in the raw form after we produce.
2. We also deal with trading of Poultry Birds and Poultry Feeds .We buy from Poultry Farm and sell it in Market.
If our yearly turnover is more than 60 Lakhs. Request your suggestion, Is GST is applicable to us. If yes, what is Rate of GST applicable.
ANY PADDY SEEDS - THERE IS NO TAX UNDER GST - IT IS NILL RATED
BUT MUSHROOM IN ANY FORM IS TAXABLE @ 5 %
THANK YOU
You are dealing with exempt items. At first look you do not require GST registration, however before coming to any conclusion based on 2 facts, lets analyse few rules which mendate GST registration.
- Trunover cross 40 lakhs (It includes both taxable and non taxable items), so if you are even selling a single taxable items, you need GST registration since your turnover is more than 40 lakhs.
Now, coming to your specific points:
- Growing mushroom is agriculture activity and is exempt from GST. Since you are selling in raw form, GST is not applicable.
- Poultry Feeds is exempt from GST.
I will suggest to share a complete list of item, you deal with. Even if a single item is taxable, you need to get registered under GST. But if you are dealing on in these 2 items, you need not to get registered.
Thanks for response.Sir Here are the items/ transaction we are dealing.Kindly suggest if we need GST registration and rate applicable.
1. sale.of raw paddy straw mushroom( unpackaged)
2. Trading ( buying from othwr mushroom from other farms and selling) in raw form
3. Sale of broiler chicken
4. Trading of Broiler chicken and poultry feed
Gross turnover shall exceed 1 crore this financial year.
Thanks for your answer in advance.
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