GST on Agriculture Sector
The agricultural sector is the largest contributing sector the overall Indian. It covers around 16% of Indian. One of the major issues faced by the agricultural sector is the transportation of agriculture products across state lines all over India. It is highly probable that GST shall resolve the issue of transportation. There are lot of clarification need to provide for rates for agricultural products. Agricultural products go through lot licensing and number of indirect taxes under the current tax laws. State VAT is currently applicable to all the agricultural goods at each state, it passes through prior to final consumption. There are certain exemptions available from state VAT for certain unprocessed food products like meat, eggs, fruits, vegetables etc.