Goods and Services Tax – GST – By: – Mr. M. GOVINDARAJAN – Dated:- 1-2-2017 Last Replied Date:- 3-2-2017 – In GST there is no separate meaning for goods or service. Supply is common for both of the goods and service. Section 3 defines the term supply . The provisions of Finance Act, 1994 and Central Excise Act, 1944 and State Value Added Tax laws give powers to the respective Government to exempt any goods/service. The exemption may be full or partial; permanent or for a particular period. The Government may review the exemption given to such goods/services and do necessary action on exemption according to the situation requires. Many a notification is being issued for exemption in respect of service tax as well as central excise duty by the CBE&C and also by the State Governments for their respective VAT. All exemptions under these Acts will come to an end on the introduction of GST regime. The Model GST law and IGST law also provides for exemption from GST. Section 2(44) of the
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ing such goods and/or services shall not pay the tax on such goods and/or services. Section 11(2) provides that if the Central or a State Government is satisfied that it is necessary in the public interest so to do, it may, on the recommendation of the Council, by special order in each case, exempt from payment of tax, under circumstances of an exceptional nature to be stated in such order, any goods and/or services on which tax is leviable. Section 11(3) provides that the Central or a State Government may, if it considers necessary or expedient so to do for the purpose of clarifying the scope or application of any notification issued under Section 11(1) or order issued under Section 11(2), insert an explanation in such notification or order, as the case may be, by notification at any time within one year of issue of the notification under Section 11(1) or order under Section 11(2), and every such explanation shall have effect as if it had always been the part of the first such notific
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the Central Government to grant exempt generally either absolutely or subject to such conditions as may be specified in the notification, inter-state supply of goods and/or services of any specified description from the whole or any part of the tax leviable thereon. The Central Government is to satisfy that it is necessary in the public interest so to do and on the recommendations of the GST council. Where an exemption in respect of any goods and/or services from the whole of the tax leviable thereon has been granted absolutely, the taxable person providing such goods and/or services shall not pay the tax on such goods and/or services. Section 6(3) provides that where the Central Government is satisfied that it is necessary in the public interest so to do, it may, on the recommendation of the GST Council, by special order in each case, exempt from payment of tax, under circumstances of an exceptional nature to be stated in such order, any goods and/or services on which tax is leviable
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