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nil rated
what you mean by nil rated
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which are taxable @ 0%
Nil Rated : It is the supply of goods and services that have 0% GST.
Example: Grains, salt, jaggery etc.
Example: Grains, salt, jaggery etc.
Goods or services on which GST rate of 0 % is applicable are called NIL rated goods or services. Such goods or services, on which GST rate of 0% is applicable, are listed in schedule 1 under GST rate schedule.
Input tax credit of inputs and / or input services used in providing supply attracting Nil rate is not available i.e. no input tax credit on Nil rated supplies.
Input tax credit of inputs and / or input services used in providing supply attracting Nil rate is not available i.e. no input tax credit on Nil rated supplies.
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