GST - Goods and Services Tax

Health care services in India is exempt from GST vide exemption notification number 12/2017. As per the notification, following health care services are exempted from GST. Services by a veterinary clinic in relation to health care of animals or birds.Services by way of (a) health care services by a clinical establishment, an authorised medical practitioner or para-medics and … [Read more...] about GST exemption applicable to healthcare services in India

As per notification number 12/2017, Services by the Reserve Bank of India is exempt from GST. Services provided to the reserve bank of india is not covered under entry 26 of the notification 12/2017. If services provided to RBI falls under some other entry head of the notification, then it will be exempted otherwise it's taxable. Even services provided by banks to RBI would be … [Read more...] about GST exemption on banking and financial services

We have already discussed GST exemption applicable to services by a charitable or religious trust and agricultural related services. In this post, we will discuss GST exemption applicable to services provided by an educational institution. Educational institutions are the backbone of India’s growth. To reduce the cost of basic education and to enhance skills of India with a … [Read more...] about GST exemption applicable to Education services

In our last article, we have discussed how services related to charitable or religious activities are exempted from GST and what are the services that are GST exempted. In this article we will specifically discuss exempt services related to agricultural activities. As per notification number 12/2017- Central Tax (Rate) dated 28th June, 2017, following services are exempted … [Read more...] about Is GST exemption allowed for agricultural related services

In the public interest, on the recommendations of the Council, the government has exempted certain services rendered by an entity registered under section 12AA of the Income-tax Act, 1961 (43 of 1961) by way of charitable activities. Please note, all charitable objects are not exempted from GST. In the notification, charitable activities have been defined, which is discussed … [Read more...] about Are charitable and religious activities exempted from GST

Legal services are taxable as per GST law in India. However, the government of india vide circular number 12/2017 has exempted certain legal services from GST. In this post we have listed those exemptions for your reference. Before getting into the exemption provisions, you should know what legal service is. As per the notification, legal service means any service … [Read more...] about GST exemption applicable to legal services and advocates

In general, GST is chargeable to almost all supply of services supplied by a taxable supplier to a recipient of services. Government through notifications has exempted certain specific services on satisfying certain conditions. We have written different articles to help you understand such services which are exempted from GST. You can find links to those articles below in this … [Read more...] about GST exemption for construction services

Goods and/or services are chargeable to GST if a transaction between the supplier and recipient falls within the purview of the charging section under the GST law. However, we have few exceptions to it. For instance, if a particular transaction or activity is listed as exempt supply or listed in negative list of schedule III, then such supply will not be chargeable to GST and … [Read more...] about List of goods exempted from GST in India

Activities listed under schedule III of the CGST Act, 2017, is termed as negative list under GST. Activities in this schedule specifies transactions which shall be neither treated as supply of goods nor a supply of services. Below is a list of these activities; Services by an employee to the employer in the course of or in relation to his employment.Services by any court or … [Read more...] about Activities which shall not be treated as supply of goods and/or services – Negative list under GST

In GST law, supply is the taxable event. Supply is broadly defined in section 7 of the CGST Act, 2017. As per section 7(1A) of CGST Act, 2017, supply includes activities referred to in schedule II. This schedule of CGST Act contains the list of activities which have been classified either as supply of goods or supply of services. In this post, we have listed all those … [Read more...] about Activities treated as supply under GST law – Schedule II