Exemptions under GST Registration

Term GST Registration exemption under GST

 

The details about Exemptions under GST Registration are explained here. 

Non GST outward supplies

Exemptions under GST Registration:

This article is all about the exemptions under GST registration mentioned by the Government of India. GST registrations will start latest by 1st July 2017. There are some people who are exempted from the GST Registration based on what is the nature of their supply.

The taxpayers who are exempted from GST Registration are:

  • Agriculturists
  • Persons falling in Threshold Exemption Limit
  • Persons making Nil-Rated/ Exempt supplies of goods and services
  • Persons making Non-Taxable/ Non-GST supplies of goods and services
  • Activities that are neither Supply of Goods nor Services
  • Persons making only supplies covered under reverse charge

Agriculturists

An agriculturist is a person who supplies the products out of his cultivation land. They will be given exemptions from GST Registration. Agro-inputs like fertilizers, seeds, irrigation (electricity is required), machinery and all other agricultural services are also exempted under GST regime.

Persons falling in threshold exemptions limit

A business entity with an annual turnover less than Rs. 20 lakh is given exemptions from GST registration. But there are some special category states (Arunachal Pradesh, Assam, Jammu and Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Himachal Pradesh and Uttarakhand) where this threshold limit is Rs. 10 lakh.

Persons making Nil-Rated/ Exempt supplies

These are the persons who are engaged in the business of supplying common items which are in the exemptions list of GST. Some of them are mentioned below:

  • All unprocessed food like rice, wheat, bread, milk, vegetables, cereals, eggs, meat, fish, salt etc.  
  • Train travel by local and sleeper classes
  • Education
  • Healthcare (but not medicines)
  • Hotels, lodges with room rent less than Rs 1,000
  • Kid’s colouring /drawing books
  • Bindis, sindoor, bangles, etc

Persons making Non-Taxable/ Non-GST supplies

Such items do not come under the purview of GST:

 

•              Activities that are neither Supply of Goods nor Services

These include:

  1. Services by an employee.
  2. Services by any Court or Tribunal.
  3. Functions and duties of –
  4. MPs, MLAs, Members of Panchayats, Municipalities and other local authorities;
  5. Person holding any Constitutional Post;
  6. Person as a Chairperson or a Member or a Director in a body.
  7. Funeral Services.
  8. Sale of land and building.
  9. Actionable claims (other than lottery, betting, and gambling).

Persons making only supplies covered under reverse charge

The Central Government has on 19th June 2016 via Notification No. 5/2017 exempted such persons from obtaining registration who are only engaged in making supplies of taxable goods or services, the total tax on which is liable to be paid on reverse charge basis by the recipient of such goods or services. This notification shall come into force on 22nd June 2016.

The information on Exemptions under GST Registration is detailed above.   Comment below your thoughts on Exemptions under GST Registration.

 

 

 

 

Learn Exports Imports Free, Click here

Click here to know GST rate of your goods or service

Does Interest attract on GST Tax payment delay?

Mechanism of Payment of GST tax in India

Levy of late fee for GST Tax returns filing in India

Notice to GST return filing defaulters

When to file Annual Return of GST online?

Procedures to claim reduction in output tax liability of GST in India

Procedures to claim Input Tax Credit under GST in India

When to file first Return of GST tax in India?

GST Tax returns filing – Who, How and When?

How is time of supply accounted under GST Tax Calculation

Valuation of GST under special cases

Valuation of GST Taxable supply

When to pay GST for supply of services?

When to pay GST?

Term Non-Filers and Late-Filers under GST

Term non-taxable supply under GST

What is Invoice under GST

Non Registered person under GST

Exemptions under GST Registration

Term Net value of taxable supplies under GST

What is Net Taxable Turnover under GST

What is NEFT or RTGS option under GST

How does a Running bond work?

How does Bill of Lading work in DP payment terms?

How does Bill of Lading work in Sight LC

Transferability of Bill of Lading

Transhipment - A redefinition

Triangular shipment

Types of Insurance Documents

How does CENVAT Credit work?

Import General Manifest (IGM)

Importance of Bill of Lading

Is Airway bill a documents of title?

Is Customs House Agents (CHA ) required to be appointed mandatory?

 Is DP terms of payment safe in export business

Documents required for Export from Paraguay

Customs procedures for Paraguay Export

Registration required to export from Paraguay

Documents needed for Paraguay import

Import Customs processes in Paraguay

Import Registration and import Licence procedures in Paraguay

How to export from Papua New Guinea?

 

 

 


Comments


O C Sreedhara , Asst. Mgr (Rtd.), RBI: is there GST for the services of a Performing Arts event organising NGO

Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers