Meaning of "exempt supply" under GST [Section 2(47) of 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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