Broker has purchased Basmathi rice from North India & sold in Chennai by charging 5% Gst on total value. Is it correct or not?

One broker has purchased Basmathi rice from north India market by paying 5% Gst for total value and he sold the same in Chennai by charging 5% Gst on total value. Is it correct or not? Kindly explain.

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3 Answer(s)

Yes, its correct.

Answered on January 10, 2018.
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GST rate for registered brand rice is 5% only. But as per your reply it is10% Is it correct?

Answered on January 19, 2018.
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What was the confusion here. The broker is buying and selling rice and is paying and collecting GST.

Answered on January 26, 2018.
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Your Answer

Gen GST