Menu
Difference between nil rate and 0%
Please help what is the difference between nil rate and 0% in gst or weather they are same
Replies (3)
1 Zero Rated Supplies include:
- supplies made to any country other than India; and
- supplies made to customers located in Special Economic Zones (SEZ) or SEZ Developers
2 NIL RATED It is the supply of goods and services that have 0% GST.
Example: Grains, salt, jaggery etc.
if product are not cover under GST then use Nil and when product covered under GST but rate are 0 then you have to consider for 0 rate. ie. 5am switch has 18 GST but we are export switch and we have LUT so we will make bill with 0 rate, not nil rate.
Vinod ji
product not cover under GST is Non Gst
Nil rate goods have 0℅ GST
Zero Rated is Export
product not cover under GST is Non Gst
Nil rate goods have 0℅ GST
Zero Rated is Export
Recent Threads
- Tds deduction queery
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
- Form 121 requirement
- Interest on reversal of ITC when ITC balance avail
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
Related Threads
CAclubindia
