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  EXEMPTION UNDER GST – GST EXEMPTION – SECTION 11 of CGST ACT The scope of the article mainly concerns the power of governments under section 11 of the CGST Act, 2017, to grant exemptions from the Goods and Services Tax (GST). The nature of the clause, however, is pretty straightforward and clear in that it addresses the reasons for the government's exemption. Let's first understand the definition of exemption and how Section 11 takes its place in the GST exemption before moving into Section 11 provisions of the CGST ACT.   GST EXEMPTION – EXEMPT SUPPLY Exempt supply, under GST, means the distribution of products and services that are not tax-consuming. Since we all know that GST is focused on supply, GST cannot attract GST despite the trigger. The tax credit charged for input in connection with these materials is obviously not available for use and the GST liability will not be excluded. To put into simple words, the following are three types of supply which are considered as

About the  CS Executive Company Law : The  Companies Act  is mammoth legislation. The  Companies Act, 1956  was one of the lengthiest Act with 658 Sections which was repealed by The  Companies Act 2013  containing 470 Sections. The new Act was a need of the hour as the 50 years old law required a new structure with added perspectives. It Act is nothing but all about companies since its incorporation till its winding up. In spite of several sections to understand this statue, we just need to understand a few basic principles.   Structure: In legal sense, Company is a business association. A group of persons associate themselves to conduct a business under a common name. They invest their amounts into business under a common named entity, by way of subscription of shares. They appoint personnel to look after and direct the business, known well as Directors. When the business makes a profit, it is distributed to the holders of the share. In case of losses, the holders of share are held re