https://www.taxtmi.com/article/detailed?id=9207 GST narrows the class of exempt supply compared with Service Tax, but enlarges the exempt supply definition solely for calculating reversal of input tax credit; this limited expansion includes supplies subject to reverse charge, transactions in securities, sale of land and specified sales of buildings, and supplies whose taxability is conditional on non-availability of input tax credit, with reversal obligations applying to inputs in stock and to capital goods immediately before the triggering event. en-us Sat, 23 May 2020 10:12:22 +0530 Sat, 23 May 2020 10:12:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9207 GST narrows the class of exempt supply compared with Service Tax, but enlarges the exempt supply definition solely for calculating reversal of input tax credit; this limited expansion includes supplies subject to reverse charge, transactions in securities, sale of land and specified sales of buildings, and supplies whose taxability is conditional on non-availability of input tax credit, with reversal obligations applying to inputs in stock and to capital goods immediately before the triggering event. Articles Goods and Services Tax - GST Sat, 23 May 2020 10:12:22 +0530 https://www.taxtmi.com/article/detailed?id=9207