Description
This book on Classifications and Exemptions provides an insight into the classification of goods and services and exemptions majorly focused on services. With a view to reach it to the readers when it is badly needed, the book has been made precise with possible analysis, covering the important aspects in classification and exemptions. Th contents cover aspects of:
•      Background & History of GST classification and exemption (Central Excise, Customs Tariff + VAT)
•      Why classification is important?
•      What are the principles of Classification?
•      What are the issues one may face and some direction?
•      What is the method of classification?
•      What are the steps to classify goods and serices appropriately?
•      What are the exemptions?
•      What care to be taken, clarity on conditions?
•      What are the steps to avail exemption?
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Contents
Chapter 1         Overview of Goods and Services Tax (GST)
Chapter 2         Introduction to Classification
Chapter 3         Important Aspects of Classification
Chapter 4         Specific Issues in GST Classification of Goods
Chapter 5         Steps in Classification of Service
Chapter 6         Classification of Services
Chapter 7         Specific Issues in Classification of Service
Chapter 8         Steps in Classification of Service
Chapter 9         Miscellaneous aspects on Classification
Chapter 10       Exemptions under GST
Chapter 11       General Exemptions
Chapter 12       Exemption for Goods
Chapter 13       Exemption for Services
Appendix I       Consolidated Table of Rates of Taxes
Appendix II      Scheme of Classification of Services (as published by CBEC)
Appendix III     GST Classification of categories of service under erstwhile Service Tax Law
Appendix IV     HSN Codes & GST Rates for Services – Chapter 99
Appendix V      GST Exemption Notification related to Goods
Appendix VI     Exempted Services under GST as provided in Exemption Notification