NiL Rated Vs Exempted
This query is : Resolved
11 August 2017
dear sir what is the difference between Nil rated items and exempted
CA Rashmi Gandhi
(Expert)
12 August 2017
Nil Rated Supplies- Rate of which is defined as "Nil" Exempt Supply- Wholly exempt from tax or non taxable under this Act.
12 August 2017
both definition make a sense of - zero rate then what is the actual difference between Nil rated and exempt please explain in simple words
Dhirajlal Rambhia
(Expert)
15 October 2021
https://www.zoho.com/in/books/kb/gst/difference-bet-nil-exempt.html
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