Would GST will applicable in exempt item
Nidhi shah (1 Points)
01 April 2017
whether gst will applicable in which some state no levy any tax
Nidhi shah (1 Points)
01 April 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(176622 Points)
Replied 01 April 2017
It will be rationalized. Final list of exempted item is not yet declared.
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 01 April 2017
Exact amount of rate can be known only after GST tariff is notified as proposed in Section 9(1) of the CGST Act. When a product is exempt from payment of all levies (CGST, SGST or IGST), no GST shall be payable. As declared by Hon'ble Finance Minister, almost 55% of ietems shall be exempt from payment of GST.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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