What are the exemptions under GST?
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GST deductions are when the tax is not applied. Businesses or persons, products and services are all eligible for GST exemption. According to the 32nd GST council meeting held in 2019, exemptions under GST can be claimed when the threshold limit for companies and individuals is raised to Rs. 40 lakhs, while the threshold limit for hilly areas and north-eastern states remains at Rs. 20 lakhs. The service threshold limit has been increased to Rs. 20 lakhs, with a lower limit of Rs. 10 lakhs for hilly areas and north-eastern states.
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