Tax exemption power: Government may exempt goods or services by notification or special order, with clarifying explanations. The Government, on Council recommendation, may exempt specified goods or services by notification (absolute or subject to conditions) or by special order ... Summary
Tax exemption power: Government may exempt goods or services by notification or special order, with clarifying explanations.
The Government, on Council recommendation, may exempt specified goods or services by notification (absolute or subject to conditions) or by special order in exceptional cases; it may insert explanations within one year to clarify scope, Central notifications/orders are deemed under this Act, and where exemption is absolute the registered supplier must not collect tax beyond the effective rate.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.