EXEMPTED VS NON GST SUPPLIES

306 views 4 replies
Of the below mentioned list , please tell me which is exempted and which is non gst supply-
1. Bank charges.
2. Interest charges.
3. Salaries.
4. Office Maintenance exp.
5. Printing and stationary.
6. Telephone bill.
7. Office Rent.
Replies (4)
At present, following items are kept outside the purview of GST in India:
1) Alcohol for human consumption
2) Petroleum products: Petroleum Products such as petroleum crude, motor spirit (petrol), high speed diesel, natural gas and aviation turbine fuel etc. 

There is other Supplies also as discribed under Schedule III of the GST Act as “Neither goods nor services” Which is not considered as supply as per GST Act.

Answer to your query
1.Bank charges is taxable
2.Interest is exempt on loan and advance, other interst taxable
3.Salary is not supply as per schedule III
4 to 5 all taxable supply except received from unregistered person.
6. & 7. are all utility Bill on which a registered taxable dealer takes input tax credit.
@ Sabyasachi ji
Not only 6&7, on all taxable Inward Supplies registered person can take Input tax credit subject to sec. 16 except it's blocked u/s 17(5).
Yes. Sagarji. Under section 16 of GST, Every registered person shall, subject to such conditions and restrictions as may be prescribed and in the manner specified in section 49, be entitled to take credit of input tax charged on any supply of goods or services or both to him which are used or intended to be used in the course or furtherance of his business.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details