Exempt, nil and non gst inward supplies

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MAHESHA R

MAHESHA R (Querist)
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13 May 2019 Kindly advise what are the supplies required here while filing up GSTR3B

CA Anita Bhadra

CA Anita Bhadra (Expert)
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13 May 2019 GSTR 3B Table 5
Here you have to report any purchases made by you of goods or services, which are from a composition dealer, are exempt, nil rated or not covered by GST at all. This information must be broken down into inter-state and intra-state
The basic difference between nil rated and exempt supply is that the tariff is higher than 0% in case of exempt supply. But there is no tax payable due to exemption notification.

Whereas in case of NIL rated supply, the tariff is at NIL rate so there is no tax without the exemption Notification

The rates of goods are notified under section 9(1) vide Notification No. 01/2017- Central Tax (Rate) which contains six schedules specifying tax rates at 2.5%, 6%, 9%, 14%, 1.5% and 0.125%.

There is no schedule levying tax at 0% i.e. NIL rated.

CA Anita Bhadra

CA Anita Bhadra (Expert)
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13 May 2019 Non Taxable Supply is supply under section 7 of the act which is not chargeable to tax due to excluded by charging section i.e by section 9 of the Act. Hence supply of alcoholic liquor for human consumption, petroleum crude, high speed diesel, motor spirit, natural gases and aviation turbine fuel is a non taxable supply.

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