banner_ad

How to differentiate between nil rated supply and exempt supply?

404 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...


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details