Goods and Services Tax (GST) is an indirect tax that replaced various taxes levied by the central and state governments. GST is a comprehensive tax levied on the supply of goods and services. It is an indirect tax that is collected at every stage of the supply chain, right from the manufacturer to the consumer. Under GST, certain goods and services are exempted from tax. This means that no GST is levied on them. Let’s take a look at the complete list of items and services that are exempted under GST.
The government has exempted certain goods from GST. These goods are
Just like goods, services are also exempted from GST. The following services are exempted from GST
GST has simplified the tax structure in India. It has made tax collection more efficient and has reduced the burden of tax compliance on businesses. The government has exempted certain goods and services from GST to make them more affordable for the common man. It is important for businesses to understand the items and services that are exempted from GST to avoid any tax-related issues.
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