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EXEMPTED OR 0 PERCENT

268 views 10 replies

Asif Ali

B.Com

323 Points Joined September 2013

Dear Sir,
I want to know agar non-dust chalk ko school mein supply kiya jata hai to is supply ko gst return mein kis column mein enter karenge-
exmpted sale wale column mein ya
b2c others ke tax rate 0% wale column mein....

Replies (10)

sabyasachi mukherjee

28118 Points Joined May 2017

Write in proper language, maintain decorum.

prasad Nilugal

GST Practitioner & Accounts

15045 Points Joined March 2014

Dear , Asif Ali
Have you charged GST on non-Dust Chalk while suppling to school ?.

Asif Ali

B.Com

323 Points Joined September 2013

no gst charged. taxable value is invoice value.

prasad Nilugal

GST Practitioner & Accounts

15045 Points Joined March 2014

Why no GST charged ?.

Asif Ali

B.Com

323 Points Joined September 2013

Sir it is tax free

prasad Nilugal

GST Practitioner & Accounts

15045 Points Joined March 2014

If it is exempted or nil rated then you have to show in , exempted , Nil rated outward supply table .

Asif Ali

B.Com

323 Points Joined September 2013

Sir I want to know it will be assumed exempted supply or gst rate 0% supply??

prasad Nilugal

GST Practitioner & Accounts

15045 Points Joined March 2014

Exempted or Nil rated supply means , certain Goods or services are exempted or kept Nil rated in the public Interest by way of Notification by the GOVT .
Zero reated supply is used only for export purpose , under GST law Export of Goods or services are Zero reated supply ( No GST ) . So 0 % used only for export .