Detailed Explanation:

Answer: Option 4 — 1, 2 and 4 only

This question tests knowledge of GST exemptions on various goods. Items 1 (cereal grains hulled), 2 (chicken eggs cooked), and 4 (newspapers with advertising) are exempted under GST, while item 3 (processed and canned fish) is taxable as a value-added product.

✅ Statement 1 – Correct: Cereal grains hulled (HSN 1104) are exempted from GST when not sold in branded unit containers, keeping basic food staples affordable.
✅ Statement 2 – Correct: Birds' eggs (including chicken eggs cooked) are specifically exempted under HSN 0407, regardless of whether they are fresh, preserved, or cooked.
❌ Statement 3 – Incorrect: While fresh fish is GST-exempt, processed and canned fish (HSN 1604) is a value-added product subject to GST at 5%.
✅ Statement 4 – Correct: Newspapers, journals, and periodicals (HSN 4902) are exempt from GST, whether or not they contain advertising material.

📝 Short Notes: GST Exemptions on Essential Goods

• Zero-rated vs Exempt: Zero-rated supplies allow input tax credit, while exempt supplies do not; most food items fall under exempt category.
• Exempted Food Items: Fresh vegetables, fruits, milk, curd, lassi, unbranded cereal grains, fresh fish/meat, jaggery, honey, and eggs are exempt from GST.
• Taxable Food Items: Processed, packaged, or branded food items attract GST; processed fish/meat products (5%), ice cream (18%), and branded packaged foods (5-18%) are taxable.
• Print Media: All newspapers, journals, and periodicals are exempt under HSN 4902, ensuring affordable access to information regardless of advertising content.
• HSN Classification: Harmonized System of Nomenclature (HSN) codes determine GST applicability; similar products may have different tax treatment based on processing level.