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difference between nil rated, exempted, and 0%

Rate / HSN codes 1156 views 7 replies
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a/c officer
57 Points Posted on 18 September 2017
pls describe the subject mentioned above.
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On 18 September 2017 at 06:13 Report
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19 Points Posted on 18 September 2017
The products which is nil rated that means its percentage of GST may increase sometime in future or it might not increase
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On 18 September 2017 at 08:09
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19 Points Posted on 18 September 2017
Exempted means means the GST percentage will never be levied on those products, it also attracts nil rated supplies
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On 18 September 2017 at 08:13
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19 Points Posted on 18 September 2017
And zero rated supplies means its only applicable on exports whereas nil rated can be levied in cases other than exporta
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On 18 September 2017 at 08:14
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19 Points Posted on 18 September 2017
Exports*
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On 18 September 2017 at 08:14
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a/c officer
57 Points Posted on 18 September 2017
thank you. :)
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On 18 September 2017 at 08:31
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"Do the Right Thing...!!!"
128152 Points Posted on 18 September 2017
Mr. Akansh Sharma.,
Good Explanation. Really appreciate You....
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On 18 September 2017 at 08:43
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1464 Points Posted on 18 September 2017
But it is not there that list of items in Schedule I of CGST Act which are exempt for the time being can not be changed. Gov on recommendation of GST council may add or delete any item in the list of exempted goods.
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On 18 September 2017 at 08:43


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