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: - When a supply of goods and/or services falls within the scope of the charging section, such a supply becomes liable to Goods and Services Tax (GST). However, to determine the obligation to pay the tax, it is necessary to further verify whether such a supply of goods and/or services is exempt from taxation. EXEMPT SUPPLY: - Has been characterized as a supply of any labor and products or both, which draws in a steady 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 products or both, which isn't leviable to burden under the CGST Act or under the IGST Act [Section 2(78)]. Conseque...