GST Exemption List 2023. Exempted supply of Goods means NIL rated goods or wholly exempted goods and it also includes non-taxable supply of goods.
Thus, the taxpayers need to understand not only the provisions regarding exemptions but also their implications to avoid any wrong application. So, before jumping to the list of non-gst goods, let’s first define what is an exempt supply under GST? What is an Exempt Supply under GST? As ...
GST Free: For sales and purchases exempt from GST. Input Taxed: For supplies that don't include GST in the price, and GST credits can't be claimed. Export Sales: For goods and services sold overseas, generally GST-free. Capital Acquisitions: For purchases of capital items that include GST...
Here is a lowdown on the items under each GST bracket: 1) Goods exempt from tax Jute, fresh meat, fish chicken, eggs, milk, buttermilk, curd, natural honey, fresh fruits and vegetables, flour, besan, bread, prasad, salt, bindi. Sindoor, stamps, judicial papers, printed books, newspaper...