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How to differentiate between nil rated supply and exempt supply?

Others 420 views 4 replies
On searching HSN or SAC, rate of tax is 0%. How to know if it is a nil rated supply or exempt supply?
Replies (4)

On searching HSN or SAC, rate of tax is 0%

1. For Goods, if it pertains to Notification No-  02/2017-Central Tax (Rate) dated 28.06.2017as amended

2. For Services, if it pertains to Notification No-  12/2017-Central Tax (Rate) dated 28.06.2017as amended

If above two conditions (1 or 2 ) are satisfied than it is EXEMPT supply

Otherwise it is NIL rate supply. 

You can easily differentiate between nill rated and exempt one. HSN CODE IS SEPERATE.
Originally posted by : sabyasachi mukherjee
You can easily differentiate between nill rated and exempt one. HSN CODE IS SEPERATE.

Please elaborate 

Please go through the link...
You can get some clarity about Nil Rated and Zero Rated...

https://www.indiafilings.com/learn/zero-rated-nil-exempted-and-non-gst-supply/


After that You can understand the difference...


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