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Questions and Answers
Which service is exempt from taxation according to the given content?
Which service is exempt from taxation according to the given content?
- Sales of state-owned properties.
- Services by Government to their PSUs for guaranteed loans. (correct)
- Consultation services for private businesses.
- Issuance of permits for exploration of natural resources.
What service related to public safety is exempt from taxation?
What service related to public safety is exempt from taxation?
- Sales of safety equipment to businesses.
- Certification relating to fire safety checks. (correct)
- Public awareness campaigns on consumer rights.
- Consulting services for safety regulations.
Which of the following services related to personal documentation is exempt from taxation?
Which of the following services related to personal documentation is exempt from taxation?
- Issuance of birth certificates. (correct)
- Issuance of business licenses.
- Issuance of real estate titles.
- Issuance of commercial permits.
Which of the following services related to natural resource usage is taxable?
Which of the following services related to natural resource usage is taxable?
What type of fines are exempt from taxation?
What type of fines are exempt from taxation?
What activity in relation to goods carriage is exempt from taxation?
What activity in relation to goods carriage is exempt from taxation?
Which service is exempt when officers are deputed after hours?
Which service is exempt when officers are deputed after hours?
Which of the following is not a service exempt from taxation?
Which of the following is not a service exempt from taxation?
What is the role of the public sector in the construction aspect according to the provided content?
What is the role of the public sector in the construction aspect according to the provided content?
Which of the following services is exempt from taxation?
Which of the following services is exempt from taxation?
When did the taxation of transportation of goods by aircraft from a customs station in India to a place outside India become enforceable?
When did the taxation of transportation of goods by aircraft from a customs station in India to a place outside India become enforceable?
What characterizes the service provided by Angadia?
What characterizes the service provided by Angadia?
Which service is considered taxable?
Which service is considered taxable?
What is the status of passenger taxes in relation to taxable value?
What is the status of passenger taxes in relation to taxable value?
Which type of transportation service does not incur taxes after 30-09-2022?
Which type of transportation service does not incur taxes after 30-09-2022?
What is the tax status of goods transportation services provided by a courier agency?
What is the tax status of goods transportation services provided by a courier agency?
What is a requirement for a person to be considered a Goods Transport Agency (GTA)?
What is a requirement for a person to be considered a Goods Transport Agency (GTA)?
Which of the following transports is considered taxable?
Which of the following transports is considered taxable?
Which of the following services provided by a GTA is exempt from taxation?
Which of the following services provided by a GTA is exempt from taxation?
When is the responsibility for goods transferred to the transporter?
When is the responsibility for goods transferred to the transporter?
Which of the following is NOT classified as taxable under the transport services mentioned?
Which of the following is NOT classified as taxable under the transport services mentioned?
What differentiates a GTA from a regular transporter?
What differentiates a GTA from a regular transporter?
Which category has transport services that are explicitly mentioned as taxable?
Which category has transport services that are explicitly mentioned as taxable?
What is the implication of a consignment note being issued?
What is the implication of a consignment note being issued?
What is the main purpose of the Business Correspondents and Business Facilitator Model introduced by the Reserve Bank of India?
What is the main purpose of the Business Correspondents and Business Facilitator Model introduced by the Reserve Bank of India?
Which of the following services is exempt from tax under the described guidelines?
Which of the following services is exempt from tax under the described guidelines?
What role do Business Correspondents (BCs) and Business Facilitators (BFs) play?
What role do Business Correspondents (BCs) and Business Facilitators (BFs) play?
Which of the following statements about the leasing services exemption is correct?
Which of the following statements about the leasing services exemption is correct?
Which of the following entities can provide services exempt from tax as described?
Which of the following entities can provide services exempt from tax as described?
What is the minimum lease duration mentioned for receiving a tax exemption?
What is the minimum lease duration mentioned for receiving a tax exemption?
Which of the following exempt services is specifically mentioned regarding the Arbitral Tribunal?
Which of the following exempt services is specifically mentioned regarding the Arbitral Tribunal?
Which of the following conditions does NOT affect the tax exemption status of leasing services?
Which of the following conditions does NOT affect the tax exemption status of leasing services?
What is the primary role of an incubatee?
What is the primary role of an incubatee?
Which type of educational institution does the exemption for online educational journals apply to?
Which type of educational institution does the exemption for online educational journals apply to?
What must an entity be registered under to qualify for the exemption related to charitable activities?
What must an entity be registered under to qualify for the exemption related to charitable activities?
What is excluded from the exemption provided under Entry 10 of Notification No. 9/2017 for OIDAR services?
What is excluded from the exemption provided under Entry 10 of Notification No. 9/2017 for OIDAR services?
Which of the following entities would NOT qualify for the exemption specified in Entry 10?
Which of the following entities would NOT qualify for the exemption specified in Entry 10?
From when was sub-point (ii) of point (2) eliminated?
From when was sub-point (ii) of point (2) eliminated?
Which service does NOT qualify for exemption regarding inter-state supply further to Entry 10?
Which service does NOT qualify for exemption regarding inter-state supply further to Entry 10?
What does the abbreviation OIDAR stand for in the context of services?
What does the abbreviation OIDAR stand for in the context of services?
Who benefits from the services provided by an incubatee?
Who benefits from the services provided by an incubatee?
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Study Notes
Exempt Services
- Services provided by the Department of Posts, including postcards, inland letters, and ordinary post (envelopes under 10 grams) are exempt from tax.
- Government or local authority services that guarantee loans for their undertakings or PSUs are exempt.
- Registration-related services required by law are exempt from taxation.
- Testing, calibration, safety checks, and certification services aimed at worker, consumer, or public safety, including fire licensing, fall under exempt services.
- Issuance of key documents like passports, visas, driving licenses, and birth/death certificates to individuals is exempt.
- Granting national permits for goods carriages operating across India is tax-exempt.
- Fines and liquidated damages for contract non-performance are exempt.
- Penalties for violating statutes, byelaws, or regulations are exempt.
- Assignment of natural resource usage rights to individual farmers is tax-exempt, whereas assignments to companies for exploration are taxable.
Taxable Services
- Services provided by goods transport agencies and courier services are generally taxable.
- Private sector construction is supported by public sector viability gap funding.
- Road transportation is generally exempt, while services from goods transport agencies and express cargo services are taxable.
- Transporting goods by air from customs clearance in India to abroad becomes taxable after 30-09-2022.
- Transporting household goods and specific products including petroleum, tea, sugar, and alcoholic beverages are taxable.
Goods Transport Agency (GTA)
- A goods transport agency is defined as any entity transporting goods by road, with the requirement of issuing a consignment note.
- The consignment note indicates the transfer of responsibility for the goods to the transporter until delivery.
Banking and Financial Services
- Services by intermediaries to business facilitators or correspondents in rural areas, helping to connect banks with customers, are exempt.
- Business correspondents facilitate banking services in areas with limited financial institutions, earning commissions for their services.
Leasing Services
- Long-term industrial lease services offered by state entities with upfront payments of development charges are exempt.
- Exemption applies regardless of the method of payment for upfront amounts, including instalments.
Legal Services
- Services by Arbitral Tribunals to individuals or non-registered business entities are exempt.
- Specific provisions exist for incubatees in technology parks working on innovative products.
Inter-State Supply of Services
- Services from non-taxable territories received by certain entities or individuals for non-commercial purposes are generally exempt.
- Online educational services supplied to institutions are exempt, except for specific educational and vocational courses.
- From 01-10-2023, certain provisions regarding exemptions for transportation of goods have been eliminated.
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