Understanding GST Exemption: What It Means and Who It Affects

Mon, 30 Dec 2024 10:21:30 +0000

GST exemption refers to the categories of goods and services that are exempt from the Goods and Services Tax. This means that certain products and services are not subject to the GST rate, thus reducing the tax burden for both businesses and consumers. There are various goods and services that fall under GST exemption, including essential items, services for specific industries, and certain types of organizations.