Nil or Exempted

325 views
User Avatar

ca student
296 Points Posted on 23 February 2021
Rice and paddy is Nil rated or Exempted ?
0 Reply Share Follow
On 23 February 2021 at 19:02 Report
Replies (3)
Quick Summary
This discussion clarifies the tax classification of rice and paddy. While it may not significantly impact current operations, classifying it as 'exempt' is recommended for better practice. The consensus leans towards 'exempt' rather than 'nil rated'.

User Avatar

GST Consultant
15986 Points Posted on 23 February 2021
At present it doesn't matter where you classify it.
But it's better to do it under exempt
1 Reply
On 23 February 2021 at 19:22
User Avatar

ca student
296 Points Posted on 23 February 2021
Ok thanks
Reply
On 23 February 2021 at 19:23
User Avatar

Chartered Accountant
24588 Points Posted on 23 February 2021
Nil rated
Reply
On 23 February 2021 at 20:48

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. TDS on under construction property not deducted
  2. GST on Fixed Assets
  3. GST ITC april 22
  4. GST PAYMENT REGARDING
  5. GST Consultation Required – June–Augus
  6. TDS Code for Salary Payment to Non-Resident Intern
  7. TDS on property
  8. Company data for software
  9. Car purchase to be eligible for ITC
  10. GST Refund on payment to builder

More recent discussions | Post

Related Topics :

Loading