All Types of Taxation Notes 666

                                   EXEMPTION FROM GST IN INDIA There are many such facilities which are exempted from tax in the list provided by the government THERE  ARE TOW TYPES OF EXEMPTION. GOODS EXEMPT FROM TAX SERVICES EXEMPT FROM TAX INTRODUCTION OF EXEMPTION: - At the point when a stock of merchandise as well as administrations falls inside the domain of charging segment, such inventory is chargeable to GST. Nonetheless, for deciding the obligation to settle the assessment, one necessities to additional check whether such stock of merchandise or potentially benefits are absolved from charge. EXEMPT SUPPLY: - Has been characterized as supply of any labor and products or both which draws in nothing pace of duty or which might be entirely excluded from charge and incorporates non-available stockpile [Section 2(47)]. NON-TAXABLE SUPPLY MEANS: - a stockpile of labor and product...