Table of Contents
What is the GST on mushroom?
12\%
HSN Code 2003
HS Code | Description | GST\% |
---|---|---|
200390 | Mushrooms and truffles, prepared or preserved otherwise than by vinegar or acetic acid (excluding mushrooms of the genus “Agaricus”) | 12\% |
20031000 | MUSHROOMS PREPD/PRSVD | 12\% |
20039000 | *OTHER MUSHROOMS & TRUFRLES PRPD/PRSVD | 12\% |
20039090 | OTHER MUSHROOMS AND TRUFFLES | 12\% |
What is the price of mushroom per kg?
Questions & Answers on Mushroom
Variety Available | Min Price | Max Price |
---|---|---|
Button Mushroom | Rs 140/Kg | Rs 200/Kg |
Oyster Mushroom | Rs 110/Kg | Rs 1200/Kg |
Is mushroom farming tax free in India?
Exemption from income-tax 8f income from mushroom growing under controlled conditions. -Under the existing provisions, ‘agricultural income’ is exempt from income-tax. From the above it follows that growing of mushrooms has been treated as a business and not as an agricultural activity.
What is mushroom farming called?
Fungiculture is the cultivation of mushrooms and other fungi. Cultivating fungi can yield food, medicine, construction materials and other products. A mushroom farm is in the business of growing fungi.
How do I lower my GST amount?
GST Calculation Formula:
- Add GST: GST Amount = (Original Cost x GST\%)/100. Net Price = Original Cost + GST Amount.
- Remove GST: GST Amount = Original Cost – [Original Cost x {100/(100+GST\%)}] Net Price = Original Cost – GST Amount.
Is seed exempt from GST?
As per GST Law, there is no GST payable on Seeds used for sowing. So the rate of GST payable on Seeds used for sowing is nil rate. Luxury goods and services and certain specific goods and services attract additional cess than 28\% GST.
What is the GST rate for mushrooms?
Mushrooms are fixed under the HSN Code of 2003 which states as “Mushrooms And Truffles, Prepared Or Preserved Otherwise Than By Vinegar Or Acetic Acid” and the tax rate fixed for Mushrooms is 12\%. For further information or GST Consultancy email us at [email protected] .
What is the tax on mushrooms in Singapore?
Your mushrooms tax rate is 12\% (6\%SGST+6\%CGST) S. no. 35 and Tariff Item code is 2003. Mushrooms of the genus “Agaricus”, prepared or preserved otherwise than by vinegar or acetic acid
What is the HSN code for mushrooms?
Mushrooms are fixed under the HSN Code of 2003 which states as “Mushrooms And Truffles, Prepared Or Preserved Otherwise Than By Vinegar Or Acetic Acid” and the tax rate fixed for Mushrooms is 12\%.
What is chapter 20 of the GST bill?
The Preparations of vegetables, fruits, nuts or other parts of plants falls under Chapter 20 of GST bill. A useful GST Tax Rate calculator to calculate Good and Services Tax for Mushrooms and truffles, prepared or preserved otherwise than by vinegar or acetic acid.