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exempted, nill rated, non gst
what is the difference between exempted, nill rated and non gst goods ?
Replies (2)
Nil Rated Supplies- Rate of which is defined as "Nil"
Exempt Supply- Wholly exempt from tax or non taxable under this Act. It includes Nil rated Supplies also.
Non GST goods- Which are out of the purview of GST(Ex-Petrol)
Non GST goods- Which are out of the purview of GST(Ex-Petrol)
NON GST IN OUT GST AS PETROL
EXEMPTED SAYS THAT FULLY EXEMPTED FROM GST LAW
NILL RATE MEANS AS LESS THEN 1000 / RENT ROOM AND 0 % RATE THESE CATEGOURIES CHANGE TIME TO TIME BY GST COUNCIL
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