Section 2(47) - Definition of "exempt supply" under CGST Act

2(47).1 Definition of Exempt Supply

Section 2(47)

“exempt supply” means supply of any goods or services or both which

attracts nil rate of tax or

may be wholly exempt from tax u/s 11, or u/s 6 of IGST Act, and

is non-taxable

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Refer section 2(78) for meaning of non-taxable supplies

 

Question-1 [ICSI-E-D18-O-74-1]

Exempt supply means supply of any goods or services or both which may be wholly exempt from tax u/s 11 or u/s 6 of the IGST Act and includes ............

(i) Non-taxable supply

(ii) Zero rated supply

(iii) Supply having Nil rate of tax

(iv) Composite supply

(A) (i), (ii) and (iii); (B) (i) and (iv); (C) (i) and (iii); (D) All the four above

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