Difference between exempted, nil rated sales....regard

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T SHASIDAR (Querist)
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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.

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.

T SHASIDAR

T SHASIDAR (Querist)
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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...?

Guest

Guest (Expert)

15 June 2019 All are exempted.

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