Understanding GST Exemption: What It Means and Who It Affects
The Goods and Services Tax (GST) is a significant reform in India’s tax system, replacing multiple indirect taxes with a single, unified structure. However, one crucial feature of the GST system is the GST exemption, which provides relief to several sectors and categories, allowing them to be free from tax liabilities. Understanding GST exemption is essential for businesses, service providers, and individuals who may benefit from it.