{"id":3115,"date":"2019-12-13T16:02:31","date_gmt":"2019-12-13T10:32:31","guid":{"rendered":"https:\/\/aktassociates.com\/blog\/?p=3115"},"modified":"2019-12-13T16:04:59","modified_gmt":"2019-12-13T10:34:59","slug":"gst-exemption-on-goods","status":"publish","type":"post","link":"https:\/\/aktassociates.com\/blog\/gst-exemption-on-goods\/","title":{"rendered":"Implication of GST Exemption on Goods"},"content":{"rendered":"

Before computing the GST liability on any article, it is necessary to understand other parts of the GST. For Example: Whether it is exempt from GST or is it covered in the Negative list or whether RCM<\/a> applicable to such an article. Since the scope of the taxable supplies under GST is very wide, exemptions under GST have been clearly defined. In this article, we will understand the implication of exemption which is important because there are specific conditions that have been attached to it, for example, reversing the ITC.<\/span><\/p>\n

\"gst<\/a><\/p>\n

Also, if today any article is being charged at a nil rate then it might be possible that the same article shall be charged at some higher rate in the future. Hence, It is important for us to understand the meaning and difference between the various terms such as Exempt, Nil Rated, Zero-rated, and Non-GST supplies<\/a>.\u00a0<\/span><\/p>\n

\n
\n

In this article, we will discuss about...<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n