How to differentiate between nil rated supply and exempt supply?
Deepika Garg (162 Points)
16 September 2023Deepika Garg (162 Points)
16 September 2023
Suresh Kumar
(Account)
(177 Points)
Replied 17 September 2023
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.
sabyasachi mukherjee
(21547 Points)
Replied 18 September 2023
Suresh Kumar
(Account)
(177 Points)
Replied 18 September 2023
Originally posted by : sabyasachi mukherjee | ||
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You can easily differentiate between nill rated and exempt one. HSN CODE IS SEPERATE. | ![]() |
Please elaborate
RAJA P M
("Do the Right Thing...!!!")
(119860 Points)
Replied 18 September 2023
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