Like all such taxes, there are few exceptions even under GST where goods or services are exempt from tax liability. Such exemptions on specified goods or services are granted by the government based on certain conditions. Hence, while determining the tax liability underGST, one needs to check f...
GST Exemption List 2022 for HSN Code 2301 to Any Chapter ANNEXURE-I ANNEXURE-II What is exempt supply? Following three types of supplies are covered under exempted supply: Supplies that have a ‘NIL’ rate of tax; Supplies that arewholly exemptedfrom GST Law; ...
A key aspect of GST is the categorization of goods and services into different tax rate slabs. These slabs are essential for determining consumer prices and government tax revenue. Understanding these rates is crucial for businesses to price their products correctly and for consumers to be aware of...
GST stands for "goods and services tax." The GST is a tax that is imposed by the government on the sale of goods and services in Canada. GST is part of a harmonized sales tax (HST) that may include provincial sales tax (PST). GST is charged on a wide range of goods and services ...
11 “Except where it is an input service for the extended supply of works contract service and plant and machinery” Goods or services or both received by a taxable person for the construction of an immovable property 12 “Gifts to employees is exempted from GST up to a value of Rs 50,00...