please explain me zero rated, exempt supplies and nill rated
Menu
I m confused nill rated , exempt supplies and zero rated
Replies (4)
o rated mean no taxable
exempt mean some items are exempted from tax but u fill detail seperatly those goods
exempt mean some items are exempted from tax but u fill detail seperatly those goods
zero rated means export outside India
exempted means gov. notified services which are however taxable but by notification it is declared exempted to some extent.
and nil rated means goods or services which are taxable at NIL RATE
exempted means gov. notified services which are however taxable but by notification it is declared exempted to some extent.
and nil rated means goods or services which are taxable at NIL RATE
Zero Rated Supply- Exports and supplies to SEZ
Nil Rated Supplies- Rate of which is defined as "Nil"
Exempt Supply- Wholly exempt from tax or non taxable under this Act. It includes Nil rated Supplies also.
purchase details kidhar dalanega GSTR 3B main
Recent Threads
- Pan card request for Self help group
- EFILING ITR2 FROM COMMON FILING UTILITY
- What is the role of a Pay Per Click company in dig
- If I paid advance to party for purchase in m
- Deduction of TDS certificate
- Capital Work-in-Progress (CWIP) Impact due to Retr
- GST Invoice Amendment - Query
- ESOP related query
- Help for GST Return
- Eway bill correction
Related Threads
CAclubindia
