Difference between exempted, nil rated sales....regard
This query is : Resolved
T SHASIDAR
(Querist)
13 June 2019
Sir,
Is Newspaper Sales Comes under exempted or Nil rated...?
Same as Text Book and Literature Book sales comes under what....Exempted or Nil rated...?
Please clarify me in particular two above products.
Is Newspaper Sales Comes under exempted or Nil rated...?
Same as Text Book and Literature Book sales comes under what....Exempted or Nil rated...?
Please clarify me in particular two above products.
Guest
Guest
(Expert)
13 June 2019
Edit:
Exempt/Nil means that the tax collection stage has stopped. Neither further tax payment nor credit of input taxes. It would mean final consumption of the goods/services.
Zero rated means 0% tax rate on final consumption, so all taxes paid on purchases can be claimed as refund.
Exempt/Nil means that the tax collection stage has stopped. Neither further tax payment nor credit of input taxes. It would mean final consumption of the goods/services.
Zero rated means 0% tax rate on final consumption, so all taxes paid on purchases can be claimed as refund.
T SHASIDAR
(Querist)
14 June 2019
Thanking you sir, And Please clarify me in
1) Is Text Book & Literature Book sales comes under Exempted Sales...?
2) News Paper sale comes under what....Either Exempted or Nil Rated...?
1) Is Text Book & Literature Book sales comes under Exempted Sales...?
2) News Paper sale comes under what....Either Exempted or Nil Rated...?
Guest
Guest
(Expert)
15 June 2019
All are exempted.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Gift to nri relatives residing in usa
- GST input credit on commercial property
- ETDS return q4 25-26
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
