Exempt Supplies for Rule 42 & 43

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... (c) sale of building Note (i) For determining the value of an exempt supply as referred to in section 17(3) (a) the value of land and building shall be taken as the same as adopted for the purpose of paying stamp duty; and (b) the value of security shall be taken as 1% of the sale value of such security. [ Explanation 2 of rule 45 ] (d) the value of activities o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... -banking financial company, engaged in supplying services by way of accepting deposits, extending loans or advances; and (c) the value of supply of services by way of transportation of goods by a vessel from the customs station of clearance in India to a place outside India. [ w.e.f 01.10.2023 Omitted vide Notification no. 38/2023- Central Tax dated 04-08-2023 ] (d) the value of su .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X