Deepika Garg (171 Points)
16 September 2023
Suresh Kumar
(Account)
(403 Points)
Replied 17 September 2023
On searching HSN or SAC, rate of tax is 0%
1. For Goods, if it pertains to Notification No- 02/2017-Central Tax (Rate) dated 28.06.2017as amended
2. For Services, if it pertains to Notification No- 12/2017-Central Tax (Rate) dated 28.06.2017as amended
If above two conditions (1 or 2 ) are satisfied than it is EXEMPT supply
Otherwise it is NIL rate supply.
sabyasachi mukherjee
(26207 Points)
Replied 18 September 2023
Suresh Kumar
(Account)
(403 Points)
Replied 18 September 2023
| Originally posted by : sabyasachi mukherjee | ||
 |
You can easily differentiate between nill rated and exempt one. HSN CODE IS SEPERATE. |  |
Please elaborate
RAJA P M
("Do the Right Thing...!!!")
(127362 Points)
Replied 18 September 2023
CAclubindia
