what is difference between NIL RATED, ZERO RATED or exempted goods and services...
kindly explain pls
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DIFFERENCE Between below category
Replies (2)
1)Exempted Goods means certain goods and services are exempt by way of Notification ,
2) Zero rated supply means , supply made through Export and to SEZ unit .
3) Nil rated supply means , rates are nil in the public Interest .
2) Zero rated supply means , supply made through Export and to SEZ unit .
3) Nil rated supply means , rates are nil in the public Interest .
Thanks
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