nil rated

Nil Rate This type of supply attracts a GST of 0%. Input tax credit cannot be claimed on such supplies. Some items which are nil rated include grains, salt, jaggery, etc.

Zero-Rated Supplies made overseas and to Special Economic Zones (SEZs) or SEZ Developers come under the zero-rated supplies. This supply attracts a GST of 0%. For such supplies, the ITC can be claimed.

non-taxable supply” means a supply of goods or services or both which is not leviable to tax under  CGST Act or under the IGST Act.

A transaction must be a ‘supply’ as defined under the GST law to qualify as a non-taxable supply under the GST.

Note: Only those supplies that are excluded from the scope of taxation under GST are covered by this definition – i.e., alcoholic liquor for human consumption, articles listed in section 9(2) or in schedule III.

• It must also be noted that the following items are not out of scope of GST. That means GST Rate has not yet been announced or notified for them.
  • petroleum crude
  • high-speed diesel
  • motor spirit (commonly known as petrol)
  • natural gas and
  • aviation turbine fuel

good............

you read the definition of goods , definition of goods excluded the money and securities because if cover in definition of goods against party also liable for tax so that money is not goods

1....how itc can be claimed on zero rated supply as there output tax liabilty is zero as zero rated supply attracts a gst of 0%


2....how alcoholic liquor for human consumtiom is a supply and why they are treated as a non taxable supply

3.....and why money is neither treated as goods nor servicee

plzz elaborete

1. don't get confuse between zero rated supply & Nil rated supply both are different
Zero Rated supply is Treated as Export supply (As per section 16 IGST Act ) & in export sale the Refund on Unutilised ITC can be claimed (As per section 54 CGST Act)
And Nil rated supply attract 0% GST

2. No ... the alcoholic liquor for Human consumption is out of purview of GST , hence It's not a supply (Refer section 9(1), Schedule 2)

3. As per Definition of Goods u/s 2(52) CGST Act , goods includes every kind of movable property But DOES NOT INCLUDE Money & Securities.

Hence money is not treated as supply

thankuu very much pankaj rawat