Understanding Exempt Supply: Goods or Services with Nil Tax, Wholly Exempt, or Non-Taxable under CGST Act Section 2(47).

Exempt supply, as defined in Section 2(47) of the CGST Act, 2017, refers to the supply of goods or services that either attract a nil tax rate or are wholly exempt under Section 11 of the CGST Act or Section 6 of the IGST Act, including non-taxable supplies. According to Circular No. 214/8/2024-GST, the definition comprises three categories: services with a nil tax rate, services wholly exempt under the specified sections, and non-taxable services.

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