What is GST Exemption: List of Exempted Goods & Items

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What is an exempt supply under GST?

There are three types of supplies that can enjoy exemption under GST. They are as follows:

Supplies taxable at 0% tax or nil tax rate.
Whole or partial exemption of supplies under CGST or SGST.
Supplies under Section 2(78).

Note: One cannot utilise the input tax credit applicable to these supplies.

In addition to this, one must follow the list mentioned below to understand the differences between nil-rated, zero-rated, exempt and non-GST supplies.

Supplies	Meaning
Nil-rated	Supplies that have 0% tax rate. Example: Salt.
Non-GST	Ones that do not come under the purview of GST law include alcohol for human consumption.
Zero-rated	Export supplies to SEZ (Special Economic Zone) developers.
Exempt	Taxable supplies that do not attract GST. Curd, fruits are among some of the supplies.

Understand GST Exemption

What is a GST exemption?

What is an exempt supply under GST?

Types of exemption in GST

List of GST exemption

GST exemption from registration

GST exemption for start-ups and small businesses

Exempted goods under GST

Exempted services under GST

Reasons for exemption under GST

Frequently Asked Questions

✓ Will an individual dealing with tax-exempt supplies need to register under GST if his annual turnover exceeds Rs.20 lakhs?

✓ Is it mandatory to issue a tax invoice if I sell exempt goods to a single person?

✓ What is the treatment of ITC in the case of exempt supply?

Other articles about GST

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