Section 2(47) of CGST Act: Meaning of “Exempt Supply”
As per Section 2(47) of the Central Goods and Services Tax (CGST) Act, 2017, unless the context otherwise requires, the term “exempt supply” has been defined, as under:
Section 2(47) of CGST Act: Definition of “Exempt Supply” (CHAPTER I – PRELIMINARY)
“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 under section 11, or under section 6 of the Integrated Goods and Services Tax Act, and includes non-taxable supply.
The Central Goods and Services Tax (CGST) Act, 2017 was notified by Govt. on 12 April, 2017 and CBIC has notified the commencement date for various Sections/ Provisions thereof from time to time. Subsequently, Govt. has notified the Central Goods and Services Tax (CGST) (Amendment) Act, 2018 on 30 Aug. 2018. However, commencement date of amended provisions of various Sections is to be separately notified by CBIC, except where specifically mentioned in the CGST Amendment Act, 2018 itself.