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Difference between Zero rated supply and nil rated supply
In sec 16 zero rated supply is defined clearly (for example supply to sez or EOU will be zero rated) but first proviso to sec 54(3)of CGST act nil rated supply word is used, what is that?
Replies (3)
Zero Rated Supply- Exports and supplies to SEZ
Nil Rated Supplies- Rate of which is defined as "Nil"
Thnks.
Nil Rated supply Or Zero Rated supply are two different supply.
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