2(47).1 Definition of Exempt Supply
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Section 2(47) “exempt supply” means supply of any goods or services or both which attracts nil rate of tax or which may be wholly exempt from tax u/s 11, or u/s 6 of IGST Act, and which is non-taxable[2(78)] |
Question-1 [ICSI-E-D18-O-74-1]
Exempt supply means supply of any goods or services or both which may be wholly exempt from tax u/s 11 or u/s 6 of the IGST Act and includes ............
(i) Non-taxable supply
(ii) Zero rated supply
(iii) Supply having Nil rate of tax
(iv) Composite supply
(A) (i), (ii) and (iii); (B) (i) and (iv); (C) (i) and (iii); (D) All the four above