https://www.taxtmi.com/article/detailed?id=6616 A distinction exists between exempted goods - wholly outside the tax net - and exemptions granted only to specified transactions or taxable persons; where exemption applies only to a transaction or person the goods remain taxable generally and subsequent sales by non-exempt dealers or on a charging event will attract tax, so entitlement to Input Tax Credit depends on whether the goods themselves are exempt or only specific transactions/persons are exempted under notification. en-us Tue, 05 Jan 2016 06:31:37 +0530 Tue, 05 Jan 2016 06:31:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6616 A distinction exists between exempted goods - wholly outside the tax net - and exemptions granted only to specified transactions or taxable persons; where exemption applies only to a transaction or person the goods remain taxable generally and subsequent sales by non-exempt dealers or on a charging event will attract tax, so entitlement to Input Tax Credit depends on whether the goods themselves are exempt or only specific transactions/persons are exempted under notification. Articles Value Added Tax - VAT and CST Tue, 05 Jan 2016 06:31:37 +0530 https://www.taxtmi.com/article/detailed?id=6616