Power to grant exemption from tax under section 6 of IGST Act,2017

 

sec 6 of IGST Act,2017, Power to grant exemption from tax

 

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The below post explains about Power to grant exemption from tax under section 6 of IGST Act,2017.

 

Section  6 of IGST Act, 2017 explains Power to grant exemption from tax as below: (The amendments if any will also be updated here soon).

 

The extract of Section  6 of IGST Act,2017 quoted below:

 

Power to grant exemption from tax.

 

6. (1) Where the Government is satisfied that it is necessary in the public interest so

to do, it may, on the recommendations of the Council, by notification, exempt generally,

either absolutely or subject to such conditions as may be specified therein, goods or services

Power to grant exemption from tax under section 6 of IGST Act,2017or both of any specified description from the whole or any part of the tax leviable thereon

with effect from such date as may be specified in such notification.

(2) Where the Government is satisfied that it is necessary in the public interest so to

do, it may, on the recommendations of the Council, by special order in each case, under

circumstances of an exceptional nature to be stated in such order, exempt from payment of

tax any goods or services or both on which tax is leviable.

(3) The Government may, if it considers necessary or expedient so to do for the

purpose of clarifying the scope or applicability of any notification issued under

sub-section (1) or order issued under sub-section (2), insert an Explanation in such notification

or order, as the case may be, by notification at any time within one year of issue of the notification

under sub-section (1) or order under sub-section (2), and every such Explanation shall have

effect as if it had always been the part of the first such notification or order, as the case may be.

Explanation.–– For the purposes of this section, where an exemption in respect of

any goods or services or both from the whole or part of the tax leviable thereon has been

granted absolutely, the registered person supplying such goods or services or both shall not

collect the tax, in excess of the effective rate, on such supply of goods or services or both.

 

 

The above information clarifies about Power to grant exemption from tax under section  6 of IGST Act,2017.  

 

If you have any comments about Section  6 of IGST Act, 2017 explaining Power to grant exemption from tax , share below your thoughts:

 

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Comments


Narendra Babu KV: Please clarify me is there any exemption clause in GST act for the international ATM debit card issued by Royal Bank of Scotland. or is the GST is compulsory for ATM debit cards and how much it is

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