What types of goods and services can be subjected to or exempted from the goods and services tax according to the Goods and Services Tax Council?
According to the Goods and Services Tax Council, the types of goods and services that can be subjected to or exempted from the goods and services tax are those recommended by the council. These recommendations include taxes, cesses, and surcharges that may be subsumed in the goods and services tax, as well as the goods and services themselves which may be subjected to or exempted from the tax. The council also makes recommendations on model Goods and Services Tax Laws, principles of levy, apportionment of Goods and Services Tax levied on supplies in the course of inter-State trade or commerce under article 269A, the principles that govern the place of supply, the threshold limit of turnover below which goods and services may be exempted from goods and services tax, rates including floor rates with bands of goods and services tax, any special rate or rates for a specified period to raise additional resources during any natural calamity or disaster, special provision with respect to certain states, and any other matter relating to the goods and services tax as the council may decide.