GST exemptions are granted to specific goods and services to reduce the tax burden on essential items or to promote certain industries.

Types of Exemptions

1. Absolute Exemption: No GST applicable.
2. Conditional Exemption: GST exemption subject to conditions.
3. Partial Exemption: GST exemption on a portion of the supply.

Exempt Goods and Services

1. Agricultural Products: Fruits, vegetables, grains, etc.
2. Healthcare Services: Medical services, hospitals, etc.
3. Education Services: Schools, universities, etc.
4. Charitable Institutions: Registered charities.

Zero-Rated Supplies

Zero-rated supplies are taxable supplies with a GST rate of 0%.

Types of Zero-Rated Supplies

1. Exports: Goods and services exported outside India.
2. SEZ Supplies: Supplies to Special Economic Zones (SEZs).
3. Supplies to International Organizations: Supplies to UN, WHO, etc.

Benefits of Zero-Rated Supplies

1. No GST Liability: No GST payable.
2. Refund of Input Tax Credit: Refund of ITC.

Conditions for Zero-Rated Supplies

1. Export Procedure: Follow export procedures.
2. SEZ Procedures: Follow SEZ procedures.
3. Documentation: Maintain required documents.

GST Exemption and Zero-Rated Supply FAQs

1. What is the difference between GST exemption and zero-rated supply?
2. How to claim GST exemption?
3. What are the documents required for zero-rated supplies?

References

1. GST Act, 2017.
2. GST Rules, 2017.
3. CBIC notifications.

Additional Resources

1. GST portal (gst.gov.in).
2. GST Council website (gstcouncil.gov.in).
3. CBIC website (cbic.gov.in).

GST Exemption Notifications

1. Notification No. 2/2017-Central Tax (Rate) dated 28.06.2017.
2. Notification No. 4/2017-Central Tax (Rate) dated 28.06.2017.

GST Zero-Rated Supply Notifications

1. Notification No. 1/2017-Central Tax (Rate) dated 28.06.2017.
2. Notification No. 3/2017-Central Tax (Rate) dated 28.06.2017.