Area Based Exemption

[CA AJAY KUMAR AGRAWAL]

Dear all, By the time learned members must have an idea of shape of GST in area based exemption states like HP & UK. Please share your valuable views or share link of relevant articles.

AI Summary

Debate on GST Impact: Uncertainty Looms Over Area-Based Tax Exemptions and Transition Provisions in Himachal Pradesh, Uttarakhand A discussion on the Goods and Services Tax (GST) regime's impact on area-based tax exemptions, specifically in states like Himachal Pradesh and Uttarakhand, reveals uncertainty about the continuation of such exemptions. Participants debated whether businesses would need to pay GST upfront and claim refunds later or if they could avail input tax credits (ITC) during the transition. Some suggested that exemptions might continue as refunds, while others indicated the GST regime might not support such exemptions. The conversation highlighted the lack of clarity in transition provisions and the potential changes to the credit chain under GST.