Exempt, nil rated & Non Gst (Query)

Rate / HSN codes 258 views 5 replies
What is the meaning and Difference between Exempt, Nil rated, Non Gst Goods & Services ?
Replies (5)
Exempt / Nil Rated : No more tax is in the Goods or Services..
Non-GST : These goods are not atract GST. It means these not in GST category...

Nil Rated: It is the supply of goods and services that have 0% GST but allows you to claim ITC on inputs. 
 

Exempted : It is the supply of goods and services that does not attract GST and allows no claim on ITC. 
 

Zero Rated : It includes: 
- supplies made to any country other than India; 
- supplies made to customers located in Special Economic Zones (SEZ) or SEZ Developers; and 
- supplies made as Deemed exports.

 

Non GST :It is the supply of goods and services that does not come under the purview of GST while other taxes maybe applicable. 
Example: Petrol, alcohol etc.

Ok, Thankyou very much Raja PM Sir and Sourav Mittal sir.
it is always a pleasure to interact with Ca club India and clarify the doubts without any hesitation.
You are Welcome Mr Pratik.,

Yes. CCI portal is excellent for Taxation related activities by his participants...


You want any Taxation related Query post in CCI. You get answers as Fully logically...
kindly mention the liab. to register under nil rated, zero rated and exemt supplies


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