banner_ad

I m confused nill rated , exempt supplies and zero rated

Rate / HSN codes 813 views 4 replies
User Avatar

EMPLOYEES
315 Points Joined April 2015

please explain me zero rated, exempt supplies and nill rated

0 Reply Share Follow
On 10 August 2017 at 08:06 Report
Replies (4)
User Avatar

accountant
435 Points Joined February 2011
o rated mean no taxable
exempt mean some items are exempted from tax but u fill detail seperatly those goods
Reply
On 10 August 2017 at 08:39
User Avatar

Proprietor
4869 Points Joined January 2010
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
2 Reply
On 10 August 2017 at 08:42
User Avatar

Manager-Accounts & GST Consultant
5124 Points Joined July 2014
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.

 
1 Reply
On 10 August 2017 at 09:47
User Avatar

EMPLOYEES
315 Points Joined April 2015
purchase details kidhar dalanega GSTR 3B main
Reply
On 10 August 2017 at 11:34

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

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

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

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