Exemptions Under GST Law at goods and services.pptx

Exemptions Under GST Law at goods and services

1. Non-Applicability & Exemptions under GST

2. Introduction

3. Non-Applicability of GST 3

4. Exclusions from the Definition of Supply 4

5. Non-applicability of Charging Section 5 Supply of alcoholic liquor for human consumption GST shall not be chargeable on: GST currently not leviable on (leviable if notified): Supply of Petroleum crude, High speed diesel, Motor spirit (commonly known as petrol), Natural gas and Aviation turbine fuel However, Taxes are charged by respective states such as Excise Duty Currently, Central excise, cess and state VATs are being levied

6. Person Other than Taxable Person 6 As per the Charging Section, GST is to be levied and paid only by a Taxable Person Threshold limit of registration Every supplier of goods or services or both is required to obtain registration in the State or UT from where he makes the taxable supply if his aggregate turnover exceeds - Rs. 20 lakhs or - Rs. 10 lakhs, if the person is carrying out business in Special Category States of Mizoram, Tripura, Manipur and Nagaland However, as per Notification No. 10/2019 CT dated 07.03.2019 exempts any person who is engaged in exclusive supply of goods and whose aggregate turnover from the FY 19-20 does not exceed Rs. 40 lakh , from registration requirement

7. Exempt Supply 7 Exempt supply (Sec 2(47) of CGST Act)

8. Goods Exempt from GST 8 Notification No. 2/2017 Central Tax (Rate) dated 28.06.2017 & Notification No. 2/2017 Integrated Tax (Rate) dated 28.06.2017

9. Goods Exempt from GST 9 Under GST, everyday items used by the common man have been included in the list of exempted items Some of the common items out of total 149 items of the list are mentioned below:

10. Goods Exempt from GST

11. Services Exempt from GST 11 Notification No. 12/2017 Central Tax (Rate) dated 28.06.2017 & Notification No. 12/2017 Integrated Tax (Rate) dated 28.06.2017 Entry Numbers mentioned in this presentation refer to entry numbers in the first-mentioned notification

12. Services Related to Charitable and Religious Activities 12

13. 13 Meaning of Charitable Activities The term ‘charitable activities’ mean activities relating to Public Health A. Care or counseling of - Terminally ill persons or persons with severe physical or mental disability - Persons afflicted with HIV or AIDS - Persons addicted to a dependence-forming substance such as narcotics drugs or alcohol B. Public awareness of preventive health, family planning or prevention of HIV infection Advancement of Religion, spirituality or yoga Advancement of Educational programmes/ skill development relating to Preservation of Environment including watershed, forests & wildlife

14. 14 Health Care Services Entry No. 46 Services by a veterinary clinic in relation to health care of animals or birds Entry No. 74 Services by way of- -Health care services by a clinical establishment, an authorised medical practitioner or para-medics ; - Transportation of a patient in an ambulance by any person other than specified above Entry No. 73 Services provided by the cord blood banks by way of preservation of stem cells or any other service in relation to such preservation

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