Farming likely to remain grey area under revised draft

Many definitions of agriculture are likely to come up in the wake of the revised draft model GST Bill being placed in the public domain on Saturday. This is because the revised draft has not made 

any major change to in its definition of ‘agriculture’ or ‘agriculturists’ for the purpose of taxation, leaving the door open for interpretation of the law. 

All eyes would now be on the list of items to be exempted under GST, as that would make it clear as to whether farm goods produced through any process remains fully outside the ambit of GST. 

The revised