Glossary

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There are 3 names in this directory beginning with the letter N.
Negative List
The services mentioned under negative list are non-taxable services, which means they are out of coverage of service tax. 17 services have been specified. Any change in negative list can be done only through the amendment in the Finance Act, 1994.
Non-GST Supplies
Supplies those which are outside the purview of GST and may attract other taxes like state VAT are termed as Non-GST Supplies.
Non-Resident Taxable Person
A Non-Resident taxable person is someone residing outside India and making a taxable supply in India. He/she doesn’t have a fixed place of business but supplies goods and/or services as a principal or agent in a taxable territory.