GST - Goods and Services Tax

In our last article, we have discussed GST exemption for passengers transport services, charitable or religious services, health care services, educational services. In this port we have discussed above GST exemption for goods transport services. Goods transport services are exempted from GST vide notification number 12/2017. Remember, it's exempted only if conditions … [Read more...] about GST exemption for goods transportation services

Insurance business is taxable under GST law. However, the government has allowed exemption for certain life and general insurance business vide notification number 12/2017. In this post we have listed those life and general insurance services which are exempted vide notification number 12/2017. GST exemption for Life insurance business In following cases government has … [Read more...] about GST exemption for life and general insurance business services

As per GST law, transport of passenger services are liable to GST in India. However, the Government has exempted certain services related to transport of passenger services vide notification number 12/2017- Central Tax (Rate) dated 28th June, 2017. In this post, we have discussed those passenger transportation services which are exempt from GST. GST exemption for transport … [Read more...] about GST exemption for passenger transportation services

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