Nil rated and Exempted supplies

Exempt supply includes Nil rated (taxable at 0%) and non-Taxable supplies.

Section 2(42): Exempt Supplies: This has been defined to mean supply of any goods and/or services which are not taxable under this Act and includes such supply of goods and/or services which attract nil rate of tax or which may be exempt from tax under section 11.

No more diffrence in GST....

Difference only in previous Tax regimes like VAT.....

Originally posted by : RAJA P M
	No more diffrence in GST.... Difference only in previous Tax regimes like VAT.....

These are different terms in GST.

Originally posted by : saloni
	Originally posted by : RAJA P M No more diffrence in GST.... Difference only in previous Tax regimes like VAT..... These are different terms in GST.

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Originally posted by : saloni
	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.

/forum/regarding-registration--398087.asp

If fully exempted Dealer wants to register voluntarily and opts for Composition Levy, he has to pay tax on his turnover eveni if his all products are exempted. Also If he purchases any items from URD, he has to pay Tax on RCM basis.

In both the cases, Taxes paid by him becomes COST to him.

Which is beneficial for him  - Normal Scheme OR Composition Scheme ?

Sir,

     A wholeseller of onion an potato , whether he has to take gst as his product is fully NIL tax in gst.

If he deals only in non-taxable supplies......... no need to register under GST.......... even if his turnover in Assam exceeds 10 lakhs......

RLEASE GIVE SOME EXAMPLES ON EACH CATAGORY

AS WE CAN UNDERSTAND MORE CLEARLY