Umesh V Naig (Statutory Analyst) (452 Points)
07 December 2017what is the definition with example for non taxable territory under service tax regime from 1314 on wards till GST regime and also
such liberty available in GST regime
Amitav
(Chartered Accountant)
(5993 Points)
Replied 11 December 2017
A non-taxable territory means a territory which is outside the taxable territory and taxable territory means the territory to which provisions of Finance Act, 1994 apply.
Taxable territory has been defined in sub-section 52 of section 65B. It means the territory to which the provisions of Chapter V of the Finance Act, 1994 apply i.e. whole of India excluding the state of Jammu and Kashmir. "Non-taxable territory" is defined in sub-section 35 accordingly as the territory other than the taxable territory.
Amitav
(Chartered Accountant)
(5993 Points)
Replied 11 December 2017
There is no GST payable on Services received from a provider of service located in a non- taxable territory by a person located in a non-taxable territory.
Umesh V Naig
(Statutory Analyst)
(452 Points)
Replied 24 April 2019
Same topic in difference statutory law viz Income Tax Act
what is agricultural income , any thing grown on land is agricultural income , at the same time when plants / flowers are grown in pots in large numbers can that income will be considered as non agricultural income.
clarity required
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