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manikanta juluri (student)     12 March 2021

Definitions in GST

What is difference between Zero rated and Nil rated and Exempt Supply?


 1 Replies

prasad Nilugal

prasad Nilugal   12 March 2021

Export of Goods or Services and supply of Goods serviced to SEZ Unit are Zero rated supply (No GST) .
Exampt supply is examtion by way of Notification of certain Goods and services in their public Interest .
Nil reated supply GST applicable is Nil . like basic need Grain ,salt etc use for every day purpose.

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