DEPB/MEIS sale to be shown under exempted sale or zero rated sale or Nil rated sale ?
kindly suggest me.
Regards
P Srinivas
Kakinada.
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GSTR 1
Replies (2)
Credit Scrips are specifically covered under gst rate schedule as nil rate.
Thus shall qualify as exempt supply only i believe for which reversal is must.
Thus shall qualify as exempt supply only i believe for which reversal is must.
As per section 2(47) of the CGST act , 2017, it is exempt sales since it is nil rated.
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