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EXEMPTION FROM GST

Goods and Services Tax - GST - By: - Mr. M. GOVINDARAJAN - Dated:- 1-2-2017 Last Replied Date:- 3-2-2017 - In GST there is no separate meaning for goods or service. Supply is common for both of the goods and service. Section 3 defines the term supply . The provisions of Finance Act, 1994 and Central Excise Act, 1944 and State Value Added Tax laws give powers to the respective Government to exempt any goods/service. The exemption may be full or partial; permanent or for a particular period. The G .....

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m exempt supply as supply of any goods and/or services which are not taxable under this Act and includes such supply of goods and/or services which attract NIL rate of tax or which may be exempt from tax under Section 11. Exemption under GST Act Section 11 gives powers to grant exemption from tax. Section 11(1) provides that if the Central or a State Government is satisfied that it is necessary in the public interest so to do, it may, on the recommendation of the Council, by notification, exempt .....

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or services shall not pay the tax on such goods and/or services. Section 11(2) provides that if the Central or a State Government is satisfied that it is necessary in the public interest so to do, it may, on the recommendation of the Council, by special order in each case, exempt from payment of tax, under circumstances of an exceptional nature to be stated in such order, any goods and/or services on which tax is leviable. Section 11(3) provides that the Central or a State Government may, if it .....

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the case may be. Section 11(4) provides that every notification issued under Section 11(1) or every order issued under Section 11(20 shall- Unless otherwise provided, come into force on the date of its issue by the Central Government or a State Government for publication in the Official Gazette or from any date subsequent to the date of its issue as may be specified therein; and be made available on the official website of the department of the Central or a State Government. Exemption under IGST .....

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ment to grant exempt generally either absolutely or subject to such conditions as may be specified in the notification, inter-state supply of goods and/or services of any specified description from the whole or any part of the tax leviable thereon. The Central Government is to satisfy that it is necessary in the public interest so to do and on the recommendations of the GST council. Where an exemption in respect of any goods and/or services from the whole of the tax leviable thereon has been gra .....

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