Exempt Supply

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....r reverse charge, * transaction in securities, * sale of land and subject to clause (b) of Paragraph 5 of Schedule II, sale of building. 16.2 The value of supplies in respect of which the outward supplier is not liable to pay tax, but the recipient is made liable to pay tax under sections 9(3) and 5(3) of the CGST and IGST Act respectively, would be regarded as 'exempt supplies' for t....