Exempt, Nil rated, Non Gst Supply

Rate / HSN codes 592 views 3 replies
Dear Sir

Please tell me which expenses shown in Exempt, Nil rated and Non Gst Supply in gstr-2
Replies (3)
dear all pls give awnser.
Pl elaborate the question
1) Nil rated supply

It is the supply of goods and services that have0% GST but allows you to claim ITC on inputs.
Example:Grains, salt, jaggery etc.

2) Exempted Supply

It is the supply of goods and services that does not attract GST and allows no claim on ITC.
Example:Bread, fresh fruits, fresh milk and curd etc.

3) Zero Rated Supply

Zero Rated Supplies include:- 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.

4) Non-Gst Supply

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.

~Ani


CCI Pro

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