Agriculturists exempt from GST: Finance Ministry

  • 29-May-2018
  • Agriculturists exempt from GST: Finance Ministry

The finance ministry today clarified that renting or leasing of land by farmers for agriculture, forestry, fishing or animal husbandry is exempt from the GST.

Clarifying on the applicability of GST on farmers, the ministry said support services to agriculture, forestry, fishing or animal husbandry are exempt from the Goods and Services Tax (GST).

Exempted support services to agriculture include renting or leasing of vacant land with or without a structure incidental to its use.

"Thus, renting or leasing of land by farmers for agriculture, forestry, fishing or animal husbandry on batai (share cropping) or otherwise is ?also ?exempt from GST," the ministry said in a statement.


It said agriculturists are exempted from GST registration.

Agriculturist has been defined to mean an individual or an HUF (Hindu Undivided Family) who undertakes cultivation of land- by own labour or by the labour of family or by servants or wages payable in cash or kind or by hired labour under personal supervision or the personal supervision of any member of the family.

"There has been no change in the GST law and taxation relating to farmers since July, 2017, when GST was implemented," the statement added.


Source:-Moneycontrol.com

Seair is proud to have a loyal customer base from big brands.

We have successfully served many reputable clients for Import-Export Data Information Services. Here are some of our clients:

Get a free Import-Export data demonstrative report on desired products.

We don’t offer any assistance over buying or selling any products.

Thank You

Big thanks to showing your interest in SEAIR Exim Solutions. We’ve currently received your request for data information. We will return on the same query in a short span of time.

Copyright © 2009 - 2020 www.seair.co.in. All Rights Reserved.