Beyond the GST Net: The Big Exclusions-and What They Mean for States and You

Eight years into India’s Goods and Services Tax (GST), the promise of "one nation, one tax" is real-but not absolute. Some heavy-hitters in daily life and public finance still sit outside the GST tent. Petrol and diesel fill our tanks without entering the input-tax-credit (ITC) chain; a Friday evening glass of wine is taxed by states, not under GST; and your electricity bill carries state levies, while the power you consume is either outside GST or treated as nil-rated/exempt depending on the component. Understanding what is truly outside GST (as distinct from "exempt") is vital for businesses, consumers, and state coffers.


This explainer maps the exclusions, the legal scaffolding that keeps them out, and the implications for prices, compliance, and state finances.

"Exempt", "Non-taxable", "Outside", "Zero-rated": the vocabulary that matters

Before diving into the items, a quick decoder:

This difference matters: outside GST means no GST liability and generally no ITC duty reversals because there’s no GST event; exempt/nil-rated is inside GST with specific rate relief and potential ITC restrictions.


What goods and services are left out of GST?

1) Alcoholic liquor for human consumption

The Constitution ring-fences it: Article 366(12A) defines GST excluding "taxes on the supply of alcoholic liquor for human consumption." States retain full taxing powers via the State List (excise on manufacture/sale). Practically, that’s why a pint is subject to state excise and state VAT/fees instead of GST.

Why it matters: Alcohol excise is the third-largest source of states’ own tax revenue after SGST and sales tax/VAT on non-GST items (chiefly petroleum). Many states depend heavily on it; prohibition states show the fiscal shock when this base is absent.

Will it come under GST soon? Unlikely. The debate is intensely political and fiscal; despite periodic chatter, there is no concrete move to fold potable alcohol into GST. (Do note: ENA for industrial use is a different animal and has seen litigation and policy churn.)


2) Petroleum basket-five fuels kept out (for now)

By design, section 9(2) of the CGST Act postpones GST on petroleum crude, high-speed diesel (HSD), motor spirit (petrol), natural gas, and aviation turbine fuel (ATF) until a notified date on the GST Council’s recommendation. That date hasn’t been notified; supplies continue under excise/VAT outside GST.

Reality check on current policy:

Why it matters:

What would change inside GST? Inclusion (even at, say, 28% + cess) would restore ITC, reduce tax-on-tax, and likely narrow inter-state price gaps-but would also demand a compensation formula to protect state revenues, which is the political nut yet to crack.

3) Electricity and related charges

Electricity sits in a special place:

Implications:

4) Land and completed buildings

Sale of land, and sale of building after completion certificate are neither goods nor services under Schedule III of the CGST Act. Under-construction realty is taxed (as a service) under GST; stamp duty on property transfers continues separately.

Why it matters:


5) Money, securities, employment services, courts, and other Schedule III items

Some activities are carved out by definitions and Schedule III:


The exclusions in practice: price tags, compliance, and competitiveness

A. Consumers see price dispersion and cascading

B. Businesses face ITC breaks and structuring headaches

C. States safeguard fiscal autonomy-and rely on "outside GST" bases


Would bringing fuels and electricity into GST solve everything?

Not overnight. Here’s the trade-off matrix policymakers juggle:


Quick reference: what’s outside vs exempt (today)


Practical takeaways-for businesses and consumers

1. Budgeting & pricing: If fuels stay outside GST, treat fuel taxes as cost, not creditable-and model their pass-through on logistics and ticket pricing. Airlines and energy-intensive sectors should continue scenario-planning for possible inclusion of natural gas/ATF, but not bank on it until notified.

2. Contracting electricity: For commercial leases, separate metered electricity recoveries from rent/services and align with current exemption/nil-rate positions; structure invoices to reflect utility exemption vs taxable ancillary charges. Use care with ITC reversals when electricity is an exempt input.

3. Real estate decisions: Under-construction purchases attract GST; post-completion purchases don’t (but stamp duty applies). Time your transactions and price negotiations with this flip in mind.

4. Securities & finance: The security is outside GST; your brokerage/DP/AMC bills are not. Build GST into the cost of financial services, not into the asset itself. CBIC circulars have clarified this line.

5. State finances & policy risk: Expect state-level VAT/Excise policy moves (e.g., ATF VAT cuts to attract flights, or fuel VAT tweaks) to continue while these items stay out of GST-leading to inter-state price differentials that can affect your travel and procurement choices.


The road ahead

There is visible policy noise-and some momentum-around bringing natural gas (and perhaps ATF) into GST to reduce cascading and improve competitiveness. Ministers have flagged intent; industry continues to lobby; think tanks model revenue-neutral paths. But as the GST Council’s late-2024 decision on ATF showed, states are cautious, given the revenue stakes. Until a credible, durable compensation architecture is agreed, the status quo will likely persist.

For now, remember this shorthand:


Disclaimer: The information given in this article is solely for purpose of understanding the law. It is completely based on the interpretation of the author and cannot be constituted as a legal advise, the author of this article and Lawcrux team is not responsible for any legal issues if arises on the basis of the interpretation given above.