KAUSHAL JAIN asked 6 years ago
GST Notification
I THINK THERE IS SOME MISTAKE IN NOTIFICATION 21/2018 CENTRAL TAX (RATE)
AS THE PARA IN NOTIFICATION SAYS “it is necessary for the public interest so to do, on the recommendations of the Council, hereby exempts the intra-state supplies of handicraft goods, the description of which is specified in column (3) of the Table below.
WHY IT IS SAYING EXEMPTS???? I THINK THIS IS NOTIFICATION REGARDING CONCESSIONS IN RATE… PLEASE CLARIFY….
ALSO IN ENTRY 23 OF THE TABLE IN NOTIFICATION —- IT INCLUDE THE WORD BANGLES— IT WAS EARLIER EXEMPT UNDER NOTIFICATION 02/2017, THEN NOW IT IS SHOWING UNDER 2.5% IT IS NOW LIABLE FOR TAX ??? PLEASE CLARIFY
Sakshi Virmani answered 4 years ago
There are different types of exemptions under GST like General, Conditional, Absolute or Partial in nature. We need to carefully examine the nature of such exemption. Normally, exemptions are understood to mean that there will be no levy or charge on the supply of goods or services. However, in the GST regime, when the levy or charge is reduced wholly or partly, it is termed as exempt supply and not non-leviable supply.
Query regarding bangles, n/n 02/2017 gives exemption to glass bangles only u/h 7018.
