Still Learning
146 Points
Joined October 2017
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.