Gst zero rated vs nil

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Candidate Master

Software developer

23 Points Joined March 2016

As per times of India, here- 16. If someone trades only 0% GST items (grains, pulses) then is it necessary to register for GST, if the turnover exceeds 20 lacs? A person dealing with 100% exempted supply is not liable to register irrespective of turnover. 17. Is it correct that person dealing exclusively in NIL rated or exempt goods/ services liable to register if turnover > 20/10 Lakh? There is no liability of registration if the person is dealing with 100% exempt supplies. So, if a person have a business of export of service (all foreign clients) it is zero rated. Does this mean if I do not want ITC, I do not have to register for GST?

Replies (2)

Vipul Maheshwari

Goods and Services Tax Consultant

208 Points Joined June 2017

Section 23 of CGST Act,2017

exclusively supplying Exempt/nil rated goods or services or both-no need to take Registration irrespective of turnover

for the purpose of calculating aggregate turnover (it includes taxable+exempt+non taxable+export)

For example if you have rental income of rs 100000/- and exempt turnover 1900000 /- then you shall take registration.

Candidate Master

Software developer

23 Points Joined March 2016

I have some capital gains from stocks and bank interest payment. Rest other payments are from foreign country only. My turover is 40 lakh. Do I have to take registeration?