The answer depends on the type of milk you're referring to.
Packaged Milk
- Yes, packaged milk is subject to GST. This includes milk sold in cartons, pouches, or bottles.
- The GST rate on packaged milk is 5%.
Loose Milk
- No, loose milk is not subject to GST. This refers to milk sold directly from vendors or dairies, typically in loose quantities without any packaging.
Factors Influencing GST on Milk
- Milk processing: Milk that has been processed, such as pasteurized milk or flavored milk, is subject to GST.
- Milk origin: Milk sourced from within India is generally subject to GST, while imported milk may have different GST rates.
In conclusion, whether milk has GST depends on the type and processing involved. Packaged milk is subject to 5% GST, while loose milk is exempt.