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a. Central Goods And Service Tax > Chart 7 - Exemptions > Flashcards

Chart 7 - Exemptions Flashcards

1
Q

What are the topics of Exemption in GST

A
  1. General exemption
  2. Special exemption
  3. Charitable & religious activities
  4. Government related services
  5. Transportation services
  6. Admission
  7. Agriculture
  8. Healthcare services
  9. Legal services
  10. Education & skill
  11. Insurance
  12. Other exemptions
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2
Q

General exemptions

A
  • Govt. In public interest on recommendation of council
  • By notification- exempt generally
  • Either absolutely/ conditionally
  • From whole/ part of GST
  • With effect of a date specified in notification
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3
Q

Special exemption

A
  • Govt. On recommendation of council, by notification
  • by special order in each case
  • under exceptional circumstances
  • exempt goods/ services/ both from GST
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4
Q

What are all the charitable and religious activities

A

HRST

  1. Charitable activities relating to public health care by way of care/ counseling/ public awareness/ advancement/ preservation
  2. Running old age home/ renting of precints of religious place
  3. Services by rehabilitation professionals
  4. Training/ coaching in sports
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5
Q

Government related services

A

Services by way of

MILF TTRL

  1. Merchant over time fees
  2. Issuance service
  3. Loans
  4. Assignment of rights to use natural resources to farmer
  5. Allowing to operate as telecom. Operators
  6. Tolerating non performance of contract
  7. Assigning right to collect royalty to ERCC on behalf of state govt.
  8. Providing under law required services
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6
Q

Other miscellaneous expenses of govt.

A

SIS O PT

  1. Services provided by fair price shop- public distribution system
  2. Insurance scheme
  3. Services by PATI
  4. Other Services provided to business entity whose ATO > Registration limit
  5. Profit petroleum
  6. Training programme
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7
Q

Transportation services of passengers

A

RAWR

Road in non A/C
Air in economic class
Water in public transport
Rail in non A/C

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8
Q

Transportation services of goods

A

Road- individual truck
Air- international
Water- inland, RANDOM
Rail- RANDOM

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9
Q

What is RANDOM

A

Relief materials
Agriculture produce
News paper & magazines
Defence/ military equipments
Organic manure
Milk, salt, food grains, flour, pulses, rice

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10
Q

Services by way of Admission

A

Museum,national park, wildlife sanctuary, protected monuments

Circus, dance, theatrical performances, award, concert, paegent, recognized sporting event, planetarium (exempt upto ₹500 per person)

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11
Q

Fully taxable admissions

A

Waterpark, amusement park, film city, snowing, theme parks, cinema hall, services provided by artist

Classical art forms exempt if consideration upto 1.5 lakh

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12
Q

Agriculture exemptions

A

PRE CLEAN PP RMW

  1. services by way of precooling, ripening etc which don’t alter essential characteristics
  2. services supplied by electricity distribution utilities
  3. services relating to cultivation of plants & rearing
  4. supply of farm labour
  5. Agricultural extension services
  6. services by way of artificial insemination other than horses
  7. services by NCCD by way of cold chain knowledge dissemination
  8. process at agricultural farm
  9. Loading, unloading, packing storage of agriculture produce/ rice & transportation
  10. Renting of Agro machine/ vacant land
  11. services by agricultural produce marketing commission agent
  12. warehousing
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13
Q

Health care services

A

(a) health care services by clinical establishment, authorized medical Practitioner, para-medics

(b) transportation of patient in ambulance

(c) services by clinic

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14
Q

Legal services

A

Arbitral tribunal
Advocates
Senior advocate

(RCM if ATO > Reg. Limit)

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15
Q

Insurance

A

(1) General insurance businesses (35)
(2) Life insurance businesses (36)
(3) Life insurance services to army
(4) Life insurance services (NPS)
(5) Service provided to CG/SG/UT (40)
(6) Reinsurance of insurance scheme under 35, 36, 40

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16
Q

Education & skill - institution

A

(i) pre- school & upto 12th/ equivalent
(ii) education as a part of curriculum for obtaining qualification recognised by law
(iii) education as a part of an approved vocational education course

17
Q

Criteria of Exemption in educational institutions

A

TACOS

  1. Transportation of student faculty & staff
  2. Admission/ conduct of exam related services
  3. Catering & midday meal by govt.
  4. Online education Journals/ periodicals
  5. Security, cleaning, housekeeping performed in such campus
18
Q

Skill related exemptions

A

(1) services provided by national skill development corporation

(2) services- training by way of assessment under the skill development initiative scheme

(3) services by training providers under Deen Dayal Upadhyaya Yojana by way of offering skill/ vocational training courses

a. Central Goods And Service Tax (15 decks)

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